Emerging Market Shares Look "Very Cheap" While Tech Stocks Are Also A Buy, Says Citi Analyst
Beata Manthey, Citigroup Inc.’s (NYSE:C) head of equity strategy, doubled down on the bank’s bullish stance for global and in particular emerging market equities Wednesday, despite almost a year-long sell-off in the sector.
She also said that the bank had been buying up tech stocks as fears of effects of a US recession now look overblown. She made the comments on an interview on Bloomberg TV Wednesday.
“Putting geopolitics aside, the macroeconomic risk or the balance of the risks [of investing in global equities] has improved,” said Manthey.
“I don’t want to sound overly bullish as the data still looks bad, but it looks less bad than what we thought it would so the global economy will con
