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BlackRock's Vecht: how I'm avoiding the EM bubble

Citywire + rated Sam Vecht  thinks investors should be concerned about the combination of poor liquidity and a worrying macro backdrop for many emerging and frontier markets, and warns that it is 'strange' that many are prepared to pay so much for highly illiquid stocks.

With concerns over a bubble developing in parts of the index, Vecht explains why he is shunning Sub Saharan Africa but is happy to invest in the more liquid Saudi Arabian market.

Vecht, who runs the BSF Emerging Markets Absolute Return Fund also reveals his other highest conviction bets for the emerging markets.

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