Gundlach says 'excellent time' for a partial shift into emerging markets

NEW YORK (Reuters) – The recent turbulence in emerging markets marks an “excellent time” for a partial shift into the sector for investors who have avoided the group all year, Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday in an investor webcast.

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid

Gundlach, known as Wall Street’s “Bond King,” said the sell-off in emerging markets, stemming from Argentina and Turkey, has produced opportunities not seen in years. Emerging market dollar bonds are now yielding more than U.S. high-yield bonds, he said.

“I think it is excellent time – if you haven’t been in emerging market bonds or high-yield bonds – to contemplate at least a partial shift based upon the level of the dollar and valuation,” Gundlach said.

Reporting by Jennifer Ablan; editing by Jonathan Oatis

Filed in: Top News Tags: 

You might like:

Kill quarterly reporting? Some investors ring alarm bells Kill quarterly reporting? Some investors ring alarm bells
SEC says it continues to study frequency of company reporting SEC says it continues to study frequency of company reporting
SEC moves to ease information disclosure requirements SEC moves to ease information disclosure requirements
Trump asks SEC to mull half-year corporate filings Trump asks SEC to mull half-year corporate filings
Trump backs CEOs, proposes easing corporate reporting rules Trump backs CEOs, proposes easing corporate reporting rules
It will be tough for Trump's SEC to overhaul reporting rules It will be tough for Trump's SEC to overhaul reporting rules
Instant View: Trump asks SEC to mull half-year corporate filings Instant View: Trump asks SEC to mull half-year corporate filings
U.S. value stocks capitalize on 'FANG' stumbles, with room to run U.S. value stocks capitalize on 'FANG' stumbles, with room to run

Leave a Reply

Submit Comment
© 1437 Stock Investors News. All rights reserved. XHTML / CSS Valid.