(But) we consider such concerns premature," Barclays economists led by Ajay Rajadhyaksha wrote in their global market overview published on Tuesday. Money is flowing into emerging market local currency bonds this month, according to EPFR Global, a Cambridge, Mass. Local currency emerging market debt, however, as measured by the iShares Emerging Market Local Currency (LEMB) ETF, is up 3.4%. The domestic demand outlook is improving across the board in the big four emerging markets. "Buy (emerging markets) on signs of weakness," Barclays economists wrote in their 13-page report today.

Source: Forbes March 27, 2018 16:07 UTC