Pinebridge, T. Rowe Flag Turkish Lira as a Top EM Currency Bet

Bloomberg12-12

(Bloomberg) -- Pinebridge Investments LLC and T. Rowe Price Group Inc. fund managers cite the Turkish lira as a top emerging-market currency bet for 2025, as the central bank is seen charting a steady...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490826654?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/wHxArGO0B0MIn.R_Yl06bA--~B/aD03NzA7dz0xMjQwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/4b9619d2517aebe8d72073f5bec1ba53","is_english":true,"pubTime":"2024-12-12 12:07","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490826654","market":"us","top_or_hot":-1,"title":"Pinebridge, T. Rowe Flag Turkish Lira as a Top EM Currency Bet","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Pinebridge Investments LLC and T. Rowe Price Group Inc. fund managers cite the Turkish lira as a top emerging-market currency bet for 2025, as the central bank is seen charting a steady...</p>\n\n<a href=\"https://finance.yahoo.com/news/pinebridge-t-rowe-flag-turkish-040732172.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinebridge, T. Rowe Flag Turkish Lira as a Top EM Currency Bet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPinebridge, T. Rowe Flag Turkish Lira as a Top EM Currency Bet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 12:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pinebridge-t-rowe-flag-turkish-040732172.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Pinebridge Investments LLC and T. Rowe Price Group Inc. fund managers cite the Turkish lira as a top emerging-market currency bet for 2025, as the central bank is seen charting a steady...</p>\n\n<a href=\"https://finance.yahoo.com/news/pinebridge-t-rowe-flag-turkish-040732172.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TROW","symbol_name":"普信集团","start_time":0,"source_url":"https://finance.yahoo.com/news/pinebridge-t-rowe-flag-turkish-040732172.html","article_id":"2490826654","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wHxArGO0B0MIn.R_Yl06bA--~B/aD03NzA7dz0xMjQwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/4b9619d2517aebe8d72073f5bec1ba53"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490826654","pubTimestamp":1733976452,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Pinebridge Investments LLC and T. Rowe Price Group Inc. fund managers cite the Turkish lira as a top emerging-market currency bet for 2025, as the central bank is seen charting a steady course.Turkey’s once infamously volatile currency is proving more stable than some of its peers of late, as officials in Ankara seek to fight inflation by slowing its slide. A policy benchmark of 50% is luring yield-hungry foreign investors, and sticky price pressures mean any interest rate reductions next year are likely to be gradual.“Long Turkish lira has been a high-conviction carry trade in some of our multi-asset portfolios since June 2024 - we have recently added to the position following a sudden depreciation,” said Wenting Shen, multi-asset solutions strategist and portfolio manager at T. Rowe Price. “We believe this trade still has some legs to run in the coming months.”The lira was one of the least buffeted emerging-market currencies in the week of Donald Trump’s victory in the US preside","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TROW":"普信集团","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4588":"碎股","BK4135":"资产管理与托管银行"},"translate_title":"Pinebridge、T.Rowe将土耳其里拉视为首选新兴市场货币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TROW":0.9},"content_text":"(Bloomberg) -- Pinebridge Investments LLC and T. Rowe Price Group Inc. fund managers cite the Turkish lira as a top emerging-market currency bet for 2025, as the central bank is seen charting a steady course. \nTurkey’s once infamously volatile currency is proving more stable than some of its peers of late, as officials in Ankara seek to fight inflation by slowing its slide. A policy benchmark of 50% is luring yield-hungry foreign investors, and sticky price pressures mean any interest rate reductions next year are likely to be gradual. \n“Long Turkish lira has been a high-conviction carry trade in some of our multi-asset portfolios since June 2024 - we have recently added to the position following a sudden depreciation,” said Wenting Shen, multi-asset solutions strategist and portfolio manager at T. Rowe Price. “We believe this trade still has some legs to run in the coming months.”\nThe lira was one of the least buffeted emerging-market currencies in the week of Donald Trump’s victory in the US presidential election last month. Hedge funds turned to the Turkish currency, encouraged by support for the currency from state-run banks and the prospect of juicy returns. \nTurkey’s currency and debt are showing little spillover from the threat of tariffs under Trump’s second term, according to Anders Faergemann, co-head of EM global fixed income at Pinebridge. \n“You can still argue that the lira will weaken or depreciate, but it’s going to be at a measured pace,” Faergemann said. “And with the central bank cutting interest rates, you could argue that maybe you should be looking at bonds as well.”\n--With assistance from Tugce Ozsoy.\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490826654"}