Developing market equities are fairly valued, says BNP
BNP Paribas Wealth Management prefers the outlook for developed market equities, particularly those in Europe, and is advising clients to seek high dividend yield stocks. Separately, it does not expect Chinese authorities to allow the renminbi to appreciate for at least 12 months.
The outlook for equities in developed market is brighter than for those in developing markets, which are now fairly valued, states Andrew Freris of BNP Paribas.
The Asia chief investment strategist for the bank’s wealth management division told asiamoney.com: “We believe that developing markets are fairly well priced.
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