Trump election created a Black Friday spree for this EM manager

Massive emerging market stock sell-offs have effectively led to a Black Friday-style shopping spree opportunity for the patient investor, a fund manager from a USD 260 billion investment house argues. Even a presidential election has the potential to put famous brands in the discount rack.
In this Nov. 9, 2016 photo, a guard stands inside a bank behind the day's exchange rate with the U.S dollar in Mexico City, after the peso plunged, triggered by the election of President-elect Donald Trump. | Photo: (AP Photo/Marco Ugarte, File)
In this Nov. 9, 2016 photo, a guard stands inside a bank behind the day's exchange rate with the U.S dollar in Mexico City, after the peso plunged, triggered by the election of President-elect Donald Trump. | Photo: (AP Photo/Marco Ugarte, File)

Tomorrow it's Black Friday, and how shoppers react in developed markets will likely give investors an indication as to whether sectors associated with consumption are in for a great Q4 ­ or not.

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