"Any investor who has the view that the dollar will go down in real terms must effectively sell the dollar and buy non-dollar denominated assets," said Nicholas Smithie, UBS global emerging market strategist, at a luncheon hosted by UBS and the New York Society of Security Analysts this week. "So, international, global and emerging market equities will have that effect. You will diversify out of the dollar if you buy international, global and more emerging market equities."
NEW YORK (TheStreet) -- Emerging market equities may present one of the best opportunities for investors looking to take advantage of rising oil prices and a weakening dollar, according to investment strategists.
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