FYI: Forget the threats lobbed by Washington at Beijing, Ankara and Moscow. This is no global trade war and there is no reason to flee emerging markets, according to billionaire David Booth.
The co-founder of Dimensional Fund Advisors cited steady global growth, improving fundamentals and better policies from Argentina to Saudi Arabia as reasons for long-term optimism toward developing-nation assets. And while the Trump administration’s tariffs pose the biggest potential threat to investors, they have yet to reach a full-blown trade war
Regards,
Ted
https://www.fa-mag.com/news/dfa-s-booth-downplays-em-rout--says-nowhere-near-trade-war-40303.html?print
