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Goldman Sachs names currencies attractive for investments

06 January 2017 12:34 (UTC +04:00)

Goldman Sachs Group Inc., home to the team that conceived the BRIC framework for investing in the largest emerging markets, is urging investors to "stay the course" with bets on the currencies of Brazil, Russia and India, along with South Africa, Bloomberg reported.

When it comes to China, Goldman anticipates a “grinding” move lower for the yuan this year, “analogous to 2016.”

China, South Korea and other Asian economies are vulnerable to U.S. President-elect Donald Trump’s protectionist election manifesto translating into policy and regulatory action. By contrast, Brazil, Russia, India and South Africa are less at risk, Goldman analysts reckon.