Great Time to Buy, Specialist Emerging Market Fund Cartica Says
- Fundamentals defy ‘very bad sentiment,’ Cartica’s Barger says
- Turkey, Argentina aren’t ‘systemically important,’ she says
This article is for subscribers only.
Forget turmoil in Turkey and angst in Argentina, emerging market specialist Teresa Barger says it’s a “great time” to invest.
“It’s one of those rare moments where the fundamentals are quite good and the sentiment is very bad,” Barger, who heads the $2.8 billion Cartica Management LLC long-only fund, said in an interview at the Milken Institute Asia Summit in Singapore. While the stage was set for a bull market, “it got interrupted by all of the political and policy noise” from countries such as Argentina, Turkey and Venezuela, which are not “systemically important,” she said.