他说，一旦全球市场出现更多明确的复苏迹象，新兴市场可能会出现一定的获利了结，部分资金将回流到这些发达市场。

'Once there are more solid signs of recovery in the global markets, we may see some profit-taking in emerging markets and some fund flows back into these developed markets,' he says.

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但我们相信，市场已发生了结构性变化。

But we believe there has been a structural change.

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我想到那时市场才会出现一波适度的获利了结抛售股票之风。

It is here that I can imagine seeing a decent bout of profit-taking.

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