Get China right, get emerging markets right

Giordano Lombardo, CIO of Pioneer Investments, says comparisons between China now and the US pre-2008 are off the mark.

Get China right, get emerging markets right

You say US interest rates will remain negative in real terms. That must apply to Europe as well

Even more so the current stance of monetary policy is insufficient. Growth is anaemic, inflation is very low. The European Central Bank has been unwilling to buy government bonds and the market does not expect it to do so, but we think it will.

That might give European equities an upward surprise. We’ve been...

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