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Citi have noted that "new long.....>

EMERGING MARKETS
EMERGING MARKETS: Citi have noted that "new long exposure in LatAm is driving
positioning in EMFX, which is slightly long overall. Our EM Positioning
Indicator shows that net long exposure for both leveraged and real money
accounts have had modest but consistent flows into EMFX in aggregate over the
past month. However, given the heavy selling in the weeks prior to 24 April, it
seems likely that significant short positioning still remains in the market,
particularly for longer-term investors."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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