EMERGING MARKETS-Emerging market assets rise, 'FOMO mentality' pulls investors in [Reuters]
Morgan Stanley (MS)
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Source: Reuters
EMERGING MARKETS-Emerging market assets rise, 'FOMO mentality' pulls investors in - Reuters 3 Min Read * Russian rouble, stocks aided by firmer oil prices * Turkish stocks up 1%, lira mildly firmer * S.African rand stronger; SARB left rates on hold on Thursday * Polish stocks rise, Morgan Stanley boosts PKN Orlen’s rating By Aaron Saldanha May 24 (Reuters) - Emerging market stocks rose on Friday, licking their wounds after the previous day’s losses, while developing world currencies firmed the most in two weeks against a softer dollar. Investors tip-toed back into the developing world, upping exposure to risky assets which were walloped on Thursday as capital made a dash for the exits on rising U.S.-China trade fears. “Investors are largely neutral on EM, this is because most investors seem to have a fear-of-missing-out (FOMO) mentality,” Min Dai, Morgan Stanley’s head of Asia Rates and FX Strategy, wrote in a note. “The risks to a neutral view are that investors could be dragged in e
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