In a scenario of economic recovery, attractive valuations, fiscal and monetary stimulus, and high liquidity, Austrian asset manager Erste AM sees investment opportunities in risky assets, both in equities and fixed income, in particular High Yield and Emerging Markets Fixed Income. The rise in GDP in the second quarter, and growth of corporate earnings, supports this forecast. Erste AM has achieved AUM of almost €73 billion in the first half of the year, and continues its commitment to sustainable investments.
Seema Shah, Chief Strategist at Principal Global Investors, commenting on emerging markets
"Several emerging market countries have recently accelerated their pace of vaccination and are now on track to reach critical vaccination levels in...