Talking about the impact of Brexit on emerging markets Seth Freeman, CEO and Chief Investment Officer at EM Capital Management, LLC, says the reaction would be to take profits off the table and hold on till the event outcome.
Talking about the impact of Brexit on emerging markets Seth Freeman, CEO and Chief Investment Officer at EM Capital Management, LLC, says the reaction would be to take profits off the table and hold on till the event outcome.
In an interview to CNBC-TV18, he also pointed out that it is the start of holidays and so there would be less traders and lower volumes, so any uptick or downtick in volumes could have an exaggerated impact on market prices, than it would in a non-summer period and one could see distortions.
Therefore, in the short to mid-term emerging market investors will take a wait and see approach.
For entire interview, watch video
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First Published on Jun 24, 2016 06:57 am
