Goldman Sachs Asset Management says the volatility saturating global stock markets this year is not unusual and provides a window to buy selective emerging-market assets.
“This is the return to normality,” James Ashley, head of international market strategy, said at a briefing in Singapore. “We think emerging markets are being oversold. We would see this as an attractive entry opportunity.”
The money manager is not alone in saying it may be time to buy. Aberdeen Standard Investments purchased US stocks earlier this month, while Allianz Global Investors is snapping up emerging-market debt and selective UK, Chinese and European equities. Northcape Capital Ltd. also sees buying opportunities.
City of London Investment Group (LON:CLIG) is an asset management group which specialises in investing in closed-end investment companies. The firm is authorised and regulated by the Financial Conduct Authority and registered as an Investment Adviser with the Securities and Exchange Commission.
