When will the Fed taper, and what of EM?
Market opinion over the timing of tapering is divided, but even expectations of it are expected to divide better-placed North Asian markets from their South and Southeast Asian counterparts.
Some key questions for 2014 revolve around when the US Federal Reserve will begin to taper its quantitative easing programme, and what impact this will likely have on emerging markets.
In late May, Fed chairman Ben Bernanke first talked of slowing its $85 billion-per-month bond-buying programme, and yet that’s all it remains today – talk.
The market is divided over when tapering will begin. Pinebridge Investments, for example, is of the view it will not happen in 2014, with all …
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