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BlackRock: Turkey, Pakistan Economies ‘Overheated, Currencies Overvalued’

May 31, 2018 (BE2C2) — BlackRock, the world’s largest fund management firm says three countries that they are either avoiding or in some examples have shorts in their portfolio are the Philippines, Turkey, and Pakistan. Reason: these countries’ economies are overheating, or they think the currencies are substantially overvalued or both – Pakistan Rupee has devalued over 12 percent since December with many experts predicting it could lose another 5 to 8 percent in months ahead. “Yes. I mean, at the moment, our view is on the emerging markets, weRead More