All Emerging Market articles – Page 17
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White papersChina in the spotlight: what markets should look at
Over the past weeks, financial markets have been shaken by the Evergrande saga – China’s second-largest property developer – which is facing difficulties in servicing its huge debt pile (it needs to repay some $7.4bn of bonds maturing in 2022).
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White papersCould Evergrande Become China’s Lehman Brothers? Probably Not.
Evergrande is the biggest property developer in the developing world. Its debt of RMB 570 billion (US$88 billion) makes it one of the most indebted companies globally.
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White papersOctober Surprise?
It has been 11 months since the last 5% correction in equity markets, and the coming weeks present a number of significant potential risks.
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White papersThe Recovery Can Still Rely on Europe’s Support
While uncertainties around COVID are maintaining the risk-off sentiment, the U.S. 10-year yield jumped after the U.S. retail sales print.
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White papersShould Investors Stay Onboard the Chinese Dragon Boat?
Surprising policy developments are rocking the craft, but in our view the course remains set for the same long-term destination, and the uncertainty and volatility may present some attractive investment opportunities.
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White papersHY default rates: recent and expected trends
Persistent supportive funding conditions and the improved macro picture are consistent with a current and expected benign picture for US and European default cycles, which are likely to remain on a downward trend in the coming months.
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White papersGlobal Recovery: Delayed Not Derailed
More than most Septembers, spring seems like a long time ago. Beyond nature’s promise of new growth, investors basked in a world on its way to reopening. Since then, spiking contagion, lingering bottlenecks, and a Chinese slowdown have raised fears of a gloomy winter ahead.
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Webinar10 Trends shaping the future of Emerging Markets
The emerging market universe today looks very different to that of the 1990s. Domestic inflationary pressures that were once these countries’ weak points have generally steadily reduced. While government debt has risen, it looks manageable in comparison with the significant rise in the debt levels of developed countries.
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White papersWhat does heightened China risk mean for investors?
In July, China’s equity market suffered one of its worst monthly declines in a decade amid escalating regulatory pressures. The steep fall has raised concerns about the risks and outlook for investing in Chinese equities.
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White papersAre emerging markets on the cusp of a dividend boom?
EM dividends have remained steady even as global pay-outs were decimated by the pandemic. Here are the factors driving EM’s strong dividend growth potential.
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White papersTrading the Vaccine Curve
Today, as many economies approach the final stages of their COVID-19 vaccination programs, unlocking activity hard hit by lockdowns, their experience provides an important guide for investors as to how other countries, further behind with their vaccination programs, may perform in coming quarters.
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White papersAsia Game Theater Update: Long Chinese Equities
We’ve recently updated our Asia game theater, and although these changes partly reflect the recent regulatory crackdown in China, our update was independent of recent Chinese equity market volatility.
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White papersChina Policy Moves Strengthen the Case for the Local Market
China’s regulatory reforms may be disruptive in the short term, but we see long-term positives.
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White papersTime Is Money - Restoring Investor Confidence in Long-Term Cash Flows
As equity style winds shift, investors are still debating the merits of growth versus value stocks. But we believe quality remains the essential focal point, especially amid a low interest-rate environment that has changed the math behind company valuations.
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White papersMain themes for investing in Chinese equity over the summer and beyond
All eyes are on the recent tightening of regulations for tech and education companies by Beijing and on possible new measures that could affect other sectors. Under this regulatory pressure, the Chinese market has underperformed both MSCI DM and MSCI EM indices following a strong performance in 2020.
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White papersMarkets Take Fed’s Step to Tapering In Stride
While seemingly unremarkable, the Federal Reserve arguably had a very successful transition meeting today: it managed to take an uneventful step towards tapering bond purchases. Our view has been that tapering by year end is likely, and today’s meeting has moved the Fed one step further in that direction.
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White papersTransitory is the Name of the Game
Muted reaction to a high U.S. CPI reading confirmed markets believe the Fed is heading to a policy mistake following recent upward shift in median dots. In the U.S., we watch the release of flash PMIs, while the ECB should adjust policy strategy. In Asia, Japan CPI remains benign.
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White papersOut of the Shadows: The rise of emerging Asia
Emerging Asia’s stocks and bonds have experienced a lost decade. In the past 10 years, their returns, in US dollar terms, have lagged those of global indices by a considerable margin. And that is despite the fact that these economies accounted for about 70 per cent of world GDP growth over that period.
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White papersSummer Boom Meets COVID Concerns
Technical factors, perceived Fed hawkishness, the Delta variant, and U.S. infrastructure talks led to a volatile week in markets, which should remain near-term amid COVID concerns and until monetary policy clears up in fall. Solid economic data supports our strong-growth outlook.
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White papersCurrencies: an additional source of return
Superior growth, low inflation and cheap currencies. These are some of the defining characteristics of emerging Asian economies. They are also the reasons why investors should consider increasing their exposure to the region.
