Why Is Goldman Sachs Reducing Emerging Market Exposure?

By John Heerdink LinkedIn

it was reported this week that Goldman Sachs Asset Management is reducing their “excess exposure” to emerging market currencies, debt, and U.S. corporate credit, due to the strained trade relationship between two global powers the United States and China. The bank said the decision is here to stay until further events for the US-China trade relation gains clarity.

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Goldman Sachs Asset Management trims exposure to emerging market FX, debt on trade tensions

Goldman Sachs Asset Management said it had scaled back overweight exposure to emerging market currencies and emerging market debt, citing heightened trade tensions. Sentiment steadied somewhat after U.S. President Donald Trump softened his rhetoric over the past two days. After strong early-2019 performance..

in.finance.yahoo.com

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