Go Against Emerging-Market Rally at Your Peril, Money Manager Warns

Traders should think twice before selling emerging-market debt as funds are prepared to keep pouring money into the asset class, according to Paris-based money manager Carmignac Gestion SA.

Emerging economies are growing faster than developed ones, some of their leaders are acting more responsibly, monetary policies are “prudent” and they have relatively little debt, said Alessandra Alecci, a fund manager at Carmignac, which oversees about €3.7 billion ($4.4 billion) in emerging-market fixed income.