Emerging stocks back in favour

Tuesday, 19 November 2019 00:20 -     - {{hitsCtrl.values.hits}}

LONDON (Reuters): UBS said on Monday it was closing its underweight to emerging market equities and moved its overall position on equities to neutral.

Separately, Morgan Stanley also said it was upgrading its stance on emerging market equities to equal weight from underweight on a better global growth outlook outside the US.

Investors flock back

Stocks jump to more than 1-year high, rupee up after Rajapaksa poll win