Emerging markets (EM) faced a backlash in 2021 as a consequence of the Chinese slowdown, rising inflation and – at the end of the year – a more hawkish Federal Reserve (Fed). As such, investors, including us, have been cautious and very selective on EM assets.
Some reasons for caution still remain: Russia-Ukraine tension, uncertainty on the Fed’s tightening path and the overall hot inflationary environment, to name the most impactful. However, we see some mild improvements this year in the EM landscape, with more optimistic conditions for looking at EM assets building thanks to four elements.
You can now read the full whitepaper at the link below