Some asset managers remain overweight in EM currencies
Some buy-side firms expect them to outperform their European counterparts
Some asset managers remain overweight in high-yielding emerging markets (EM) foreign exchange, expecting Latin America and Asia to outperform Europe as markets continue to digest the aftermath of Britain leaving the European Union on June 24.
"In [the] currency space, we were already positioned fairly well, so we don't see big changes ahead. In particular, we had underweight positions in [the] British pound, euro and Swiss franc, while holding overweight positions in high-yielding EM FX and the
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