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Wednesday, 20 November 2019

Allianz GI’s Ghosh sees a strong 2020 for EM stocks

An optimist’s opinion on EM stocks in 2020: With optimism slowly building for a truce in the US-China trade war, 2020 could shape up to be good for emerging market stocks, managing director and Allianz Global Investors’ senior portfolio manager Kunal Ghosh tells Bloomberg (watch, runtime: 3:23). Tech stocks will be winners as the global economy is increasingly becoming “computation-reliant,” he said. Ghosh is also bullish about precious metals heading into 2020, predicting that we’ll see further monetary or fiscal stimulus in the US next year.

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