Emerging Market Fund Managers Hunt for Bargains After Turkey Contagion

(Reuters) Turkey’s economic crisis has created headaches for investors and policymakers across emerging markets, but for some fund managers, it’s a chance to pick up a range of cheap assets, from Indonesian bonds to Brazilian equities. The bullish view on global growth has been severely tested this year, with stock markets hit by a Sino-U.S. trade war, rising U.S. yields and a dollar rally.

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