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Capital Group

2021 Top 500 ranking: 5

Relative value in EM local markets

Relative value in EM local markets

Emerging market (EM) core inflation has risen by less than US inflation, in part due to weak economic conditions within EM and proactive EM central banks. The acceleration of interest rate hikes by EM central banks has driven up real interest rate differentials between EM and the US, making ...

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