Krishna Memani, chief investment officer at OppenheimerFunds, has warned the combined effect of weakening oil prices and dollar strength would be the biggest risk to markets globally as it indicates an emerging markets slowdown.
Speaking to Investment Week, Memani said a slowdown in emerging markets would lead to a repeat of 2015, when asset prices collapsed following a deceleration in Chinese growth. However, Memani said the asset class is the area where he is the most bullish over the next two years, despite the recent sell-off, as a result of stable inflation in the region. Last month, emerging markets slumped after the US dollar hit its highest level since December 2017, due to the increasing difficulty for emerging market countries to pay back dollar-denominated debt and investors fleeing emerging mark...
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