Investors Favor Emerging Debt Over U.S. to Navigate Euro Crisis - Bloomberg

Investors Favor Emerging Debt Over U.S. to Navigate Euro Crisis - Bloomberg


Global investors managing more than $500 billion are buying emerging-market debt and shares of well capitalized companies to avoid the European debt crisis and low- yielding havens such as U.S. Treasuries.
“Balance sheet strength is a big theme for us at the moment,” said Anne Richards, chief investment officer at Aberdeen Asset Management Plc (ADN), which oversees 185 billion pounds ($288 billion). “Many European equities are high risk while we are also nervous about U.S. Treasuries, which look overvalued.”