All Emerging Market articles – Page 54
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White papersGlobal Emerging Markets: ESG Materiality, Q2 2019
Welcome to the inaugural edition of the Hermes Global Emerging Markets’ ESG Materiality commentary – a quarterly publication that will demonstrate our engagement activity with portfolio companies and showcase holdings that are creating positive impact aligned to the Sustainable Development Goals. In addition, we will explore an environmental, social and governance theme and its implications for the asset class.
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White papersThe Good (Consumer), The Bad (Global Outlook) & The Ugly (Trade)
The IMF downgrades its global growth outlook, the Fed’s Beige Book notes household spending remains positive and a Brexit deal is on the table.
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White papersHow The Dollar Explains the State of the World
The global economy may be changing more slowly than you might think. How the dollar continues to serve as the global currency standard and what it tells is about the economy and the world.
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White papersTrending: Slowbalization, Big Tech, Political Pendulums
Patrick Foulis, business affairs editor for The Economist, discusses the top global economic trends to watch and gives us a glimpse into the inner workings of the 176-year-old publication. See how the sausage gets made, including the importance of hiring intellectual rebels and writing good puns.
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White papersThe Four Pillars To Face A World Of Uncertainty
Global investors are facing extraordinary economic, political and financial market conditions that risk sending the world into a perilous period. In particular, we are closely watching several key areas of concern, including:
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White papersAI: brave new worlds
Artificial intelligence (AI) is transforming the way we live and work. But while AI has the potential to create efficiencies and boost economic output, it also poses ethical and legal challenges. If the sustainability issues surrounding AI are scrutinised and addressed, we think the technology has the potential to serve both business and humankind – and create investment opportunities along the way.
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White papersIs oil’s relationship with energy stocks slipping?
Our chart of the month shows that the link between energy stocks and oil appears to be on the slide. What’s happening?
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White papersThe Federal Reserve Doesn't Want You To Call It QE
The three things you need to know this week: the Fed’s balance sheet is set to grow, FOMC participants are split on the forward path and keep an eye out on parameters for ECB purchases next.
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White papersIt’s Technology (Not Trade), Stupid!
Why disruptive innovation drives populism more than globalization. Policymakers and investors need to think long and hard about the coming challenges from technology.
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White papersChinese local currency debt: coming of age
China’s onshore renminbi-denominated bond market is an emerging asset class of global significance.
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White papers
Q1 2019 – Brazil Economic Outlook
After taking office, newly-elected President Jair Bolsonaro tapped highly-acclaimed, University of Chicago-trained economist Paulo Guedes to head the newly created “Super Ministry” of Economy. Since taking the Ministry of Economy position, Guedes has publicly pushed for a substantial pension reform and a sweeping R$1.0 trillion target privatization program as core tenets of his market-friendly economic policy. The market is now clearly showing a renewed sense of optimism that Brazil is now back on the right track. Consumer and business confidence sharply improved in 2018 as surveys showed an increasing likelihood of a Bolsonaro victory and expectations of continued economic reforms.
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White papers
Q2 2019 Brazil on the Rise
During the 2018 Presidential Election, Guedes established four priorities for the administration’s economic policy: 1) Responsible fiscal and monetary policy, 2) Reduced government presence in the economy, especially through privatization, 3) Greater integration with the global economy, and 4) Business-friendly reforms. Within the first year, the administration has delivered or substantially progressed on its promise in regards to economic reform.
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White papersThematic stocks – an alternative to mainstream global equities
Rolf Banz looks at why thematic equity investment may be a better way for investors to manage their global equity portfolio.
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White papersWhat Do We Really Want From China? And What Can We Reasonably Expect?
Even an unexpected trade deal this week between the U.S. and China will not alter the trajectory of two alternate political, economic and social models coming to terms with each other as a fresh decade dawns.
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White papersCross Asset Investment Strategy - October 2019
Over the past few weeks markets have fluctuated between positive news around geopolitics (US-China trade talks, Italy and receding risks of no-deal Brexit) and not so good news around economic data (German recession, US manufacturing and Chinese slowdown). This led to a rebound in equities and a rise in core bond yields.
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White papersMachine Learning Optimization Algorithms & Portfolio Allocation
Portfolio optimization emerged with the seminal paper of Markowitz (1952). The original mean-variance framework is appealing because it is very efficient from a computational point of view. However, it also has one well-established failing since it can lead to portfolios that are not optimal from a financial point of view (Michaud, 1989). Nevertheless, very few models have succeeded in providing a real alternative solution to the Markowitz model.
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White papersAssessing Markets Where We Can Go On Offense
Global equities and bond yields are trending lower, and we maintain a relatively low-risk profile. But we’re always assessing where we can go on the offensive, and in this post we walk through our thinking on some of these opportunities.
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White papersFive reasons why global cities are the ultimate investment super-trend
Cities are becoming more important than countries, with their success determined by innovation, efficiency and the clustering of industries. What does this mean for investors?
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White papersCorporate Governance In Emerging Markets: Harnessing Winds Of Change
Companies getting serious about shareholder value spell opportunities for investors.
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White papersDespite the rise of cross-border distribution, domestic funds continue to have a bright future
Unabated support and growth in Cross Border funds
