Fund Managers

Rush into emerging market equities raises alarm

Rising risk appetite sees a net 49% of global fund managers now overweight emerging markets, compared with 32% last month. But record inflows have put the spotlight back on valuations, with Morgan Stanley starting to scale back its position.

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The Chinese yuan is:



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Overvalued versus the dollar
  22%
 
Undervalued versus the dollar
  49%
 
At fair value versus the dollar
  29%
TOTAL VOTES: 65
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