Emerging markets to gain from Fed easing, better growth prospects: Amundi’s Berardi

By Anisha Sircar (Reuters) – Europe’s largest fund manager, Amundi’s investment institute, expects emerging markets (EM) to benefit next year from better economic prospects than developed markets, and as the U.S. Federal Reserve embarks on a rate cutting cycle. The Fed is likely to begin pivoting to rate cuts in mid-2024, which is “positive for EM”, said Alessia Berardi, head of emerging macro and strategy at the Amundi Investment Institute. In this scenario, Indian and Japanese equity markets are “relatively” favoured, she told the Reuters Global Markets Forum (GMF). “With the U.S. slowing do…

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