Rout in emerging markets nearing a turning point: Franklin Templeton

JPMorgan Asset Management and Man Group are among those expecting further strength. Others such as DoubleLine Capital's Jeffrey Gundlach see a decline by year's end

Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom though reckons there are still countries like the Philippines that will suffer.
 
Given the uncertainty, the money manager is keeping a net neutral dollar position, while making trades including shorting the Philippine peso, as well as betting the Aussie will decline against the New Zealand dollar, said Chris Siniakov, managing director of fixed income for Australia at Templeton.
 
“We are trying not to make the big dollar decision at the moment because we feel like it could pop either way,” Siniakov said in an