Emerging markets could enter a “virtuous feedback loop” as economic conditions increasingly converge with developed economies, even as escalating conflict in the Middle East unsettles global investors, according to DoubleLine Capital.
In a recent note, Bill Campbell, who oversees the global sovereign debt team at the money manager founded by Jeffrey Gundlach, said structural trends such as a weakening US dollar and continued interest rate cuts by central banks could create significant opportunit...
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