By keeping interest rates on hold a while longer, the Federal Reserve has given emerging markets, braced for possible capital outflows with rising yields in the US, at least a temporary reprieve. And by not including China in its benchmark indices quite yet, MSCI has indirectly helped support other emerging markets, as fund managers underinvested in Chinese shares would have had to sell down other markets to adjust to new weightings. But there is not much other good news on the horizon.
通過在更長時間內保持利率不變,美聯準(fed)至少給了新興市場暫時的喘息時間,後者正在準備應對美國收益率上升可能導致的資本外流。由於仍未將中國納入其基準指數,MSCI明晟間接幫助支撐了其他新興市場,因爲如果中國被納入MSCI新興市場指數的話,在中國股市投資不多的基金管理公司將不得不在其他市場中減持以適應新的權重結構。但除此之外眼下就沒有多少好訊息了。