Pimco's Andrew Balls Sees Opportunity in Emerging Market Currencies

The video discusses investment opportunities in emerging markets, focusing on fixed income and foreign exchange (FX). It highlights the potential of being long on emerging market currencies due to favorable fundamentals and political news, particularly in South Africa. The discussion also covers the impact of a stronger dollar on emerging markets and the resilience of these markets despite equity volatility. The video concludes with an analysis of opportunities in emerging market bonds, noting that while hard currency bonds are tight, local rate bonds with embedded FX exposure offer selective opportunities, with Mexico being a notable example.

What are the best opportunities in emerging markets according to the text?

How does the growth outlook in emerging markets appear based on the fundamentals mentioned?

What is the significance of a stronger dollar in relation to emerging markets?

What are the challenges mentioned regarding EM bonds and their pricing?

Which country is highlighted as looking pretty reasonable in terms of investment opportunities?