Former PIMCO Fund Manager Notes Emerging Market Trends With Concern

While stock benchmarks around the world, such as S&P, Eurostoxx, FTSE and Shanghai Composite, were generally down -3% in January – and the previously high-flying Nikkei down -8% – the real news may be found across the yield curve. 

In his monthly investment letter reviewed by ValueWalk, John Brynjolfsson, who runs approximately $1 billion for his hedge fund firm Armored Wolf, notes with alarm emerging market bonds were down -10% and emerging market equities were generally down -8%.  Led by concerns in Argentina, the run for the exits out...