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Remdesivir will give short term boost; emerging markets looking good: Wells Fargo Investment

Updated : October 23, 2020 09:47 AM IST

“We have been conservative about our investments in emerging markets,” said Gary Schlossberg, Global Strategist at Wells Fargo Investment Institute in an interview to CNBC-TV18.

“However, things are beginning to change and we are certainly taking a closer look at emerging markets. We have upgraded our rating, our view of that area particularly in Asian area,” he added.

Speaking about US Presidential election, he said the Democrats were likely to win.

According to him, US polling could narrow if any more irregularities emerge.

On COVID, he said Remdesivir approval will inspire some confidence.

“The market will respond well initially and then will subside,” he added.

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