Pimco’s El-Erian sees continued EM risk

Mohamed El-Erian, CEO and co-CIO at Pimco, says emerging markets remain at risk of capital outflows. This is an excerpt of a bigger interview with El-Erian in FinanceAsia, our sibling title, which appears in its October magazine. Where in the global marketplace do you see the most attractive risk premiums? Let me answer it another way: the first way to make money is not to lose money. Asset markets have been riding an enormous wave of central bank liquidity. Some markets, such as…