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BII Neutral on EM Equities, Overweights Euro Bonds, Cautions AI

7/2/2026

Summary

Story summary

BII set its emerging-market equity rating to neutral, down from a small overweight.
BII moved emerging-market hard-currency assets to neutral and upgraded local-currency debt to a small overweight, citing yield versus volatility.
BII lifted euro-zone government bonds to overweight, saying markets overprice restrictive rates of about 3 %.
BII said AI-driven infrastructure demand in Latin America offers opportunity and warned of AI concentration risk in South Korea.

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Story summary

BII set its emerging-market equity rating to neutral, down from a small overweight.
BII moved emerging-market hard-currency assets to neutral and upgraded local-currency debt to a small overweight, citing yield versus volatility.
BII lifted euro-zone government bonds to overweight, saying markets overprice restrictive rates of about 3 %.
BII said AI-driven infrastructure demand in Latin America offers opportunity and warned of AI concentration risk in South Korea.