PHL Recommended by Top Morgan Stanley Fund Manager

MANILA, Philippines - A well-known fund manager said the Philippines is one of the emerging markets to bet on, as the end of US stimulus raises social pressures in others.

According to Bloomberg, Ruchir Sharma, the Morgan Stanley fund manager who wrote the book "Breakout Nations", recommended investing more in the Philippines and Mexico than recommended by benchmarks, and less in countries like Brazil, Russia and China.

Bloomberg reported that many emerging markets will suffer more than developing countries as the Fed tightens up because they need continuous growth to satisfy citizens who have just emerged from poverty or trigger protests similar to those in Brazil and Turkey.

"There are positive stories as well. The selloff has been indiscriminate, but once the dust settles, the attention will turn back," said Sharma.

But Sharma said there's opportunity in countries trying to fix their finances, instead of giving in to populist pressure. - ANC 

MORE 

the MACTAN NEWTOWN by MEGAWORLD CORPORATION
INVESTMENT STARTS AT ONLY $200 / Php8,000 PER MONTH!
CALL +63906 5549505 / 0906 5549505
EMAIL investmegaworldcebu@gmail.com
REFER Get as much as 30K if you REFER a Client today.