Weak emerging market data released over the past few weeks has prompted JPMorgan to reaffirm its view that it is too early for investors to pile back into the region.
Instead, the brokerage advised investors to hold more European assets than are represented in asset-allocation benchmarks.
JPMorgan has focused its investment on being “underweight” emerging markets against developed markets, across all asset classes, as the consensus outlook solidifies around slowing growth in developing economies.
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