All Emerging Market articles – Page 59
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Global Investment Views: October 2018
The hot summer in emerging markets has been a key investor theme in the third quarter of this year. While the ongoing US/China trade tensions continue to weigh on investor sentiment, the sequence of country-specific stories (Turkey, Argentina and South Africa) contributed to the almost indiscriminate repricing of EM assets, starting with plummeting EM currencies.
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Emerging Markets: Finding Opportunities in Volatility
Macroeconomic factors—including mounting global trade tensions, a stronger US dollar and rising interest rates—have been primary contributors to market volatility this year.
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Cross Asset Investment Strategy: September 2018
Italian budget discussions are going to intensify as the 27th of September approaches, date of publication of the document outlining the new budget law and when there should be more clarity on the key economic projections and deficit targets.
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Better Than A Benchmark: Grassroots Research
By going on the ground in emerging markets and talking to people in their homes, equity investors can develop research insights about long-term, powerful trends driven by environmental and social sustainability.
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Strategic Relative Value: Q3 2018
A quarterly look at how macro events are driving relative value around the globe.
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Emerging or submerging? For investors, that is the question
The world is not just changing, it is being reinvented. Shanghai perhaps, is the epitome of the transformation that we are witnessing. The Bund and its stunning art deco architecture are still there, but across the river, the old fishing village of Pudong has been turned into a forest of magnificent skyscrapers. It is China’s hypermodern interpretation of a 21st century Manhattan.
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Small caps in emerging markets can diversify and balance a portfolio
Investing in small companies in emerging markets offers exposure to many of the fastest-growing businesses in rapidly growing economies. The market is vast and varied, made up of some 20,280 companies boasting a total market capitalisation of more than US$5.2 trillion and daily turnover of more than US$38 billion1. As a result, this under-researched and often misunderstood asset class can help to diversify an institutional investor’s emerging markets portfolio.
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Emerging Market Expertise: Understanding Local Nuances
The decline of emerging market equities from peaks earlier this year may mean lower share prices, but the premise for investing in emerging markets remains.
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Emerging markets: Mid-year Review
Early euphoria has slowly evaporated in an eventful six months which has taken in trade wars and political uncertainty in Mexico and Brazil.
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Turkey shakes summer thin markets, but contagion risk is contained
The domestic boom has been financed by private debt (mainly external debt). Well before this week’s crisis, Turkey was the most vulnerable country in our EM ranking
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Asset Class Return Forecasts: Q3 2018
The current global expansion is set to run until 2020, with above potential growth in most countries in 2018 and 2019. However, the global GDP growth has started to decelerate and we expect it to slow further in 2020.
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Global Investment Views: August 2018
Concerns about trade continue to take centre stage. While US assets have so far been resilient amid escalating protectionist rhetoric, markets targeted by tariffs are under pressure.
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2018 Midyear Outlook: (Still) Risk On
Investors are facing some pretty big questions: How long will the economy continue to expand? How will rising interest rates affect my portfolio? Will volatility continue to climb? Do geopolitics (or even just political posturing) really matter?
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Cross Asset Investment Strategy: July 2018
Since the beginning of the year, emerging market risky assets have become more volatile.
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Protectionism intensifies: country and sector selection to mitigate its effects
As a base case, we expect limited tariffs will be implemented on different fronts with relatively controlled macro impacts while talks continue. Although talks have become more contentious, we do still see space for negotiation among the various parties. This is the main difference vs a proper “trade war”.
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Are Global Investors Ready for China?
China onshore stocks and bonds account for around less than 2% of most foreign investors’ portfolios. But this will soon change.
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Emerging Markets Experience a Healthy Correction in May
We continue to have faith in emerging markets and believe they will continue to grow at a strong pace, fueled by robust trade and solid commodity prices. The rapid adaptation of information technology in emerging markets such as India and China have further propelled their strong growth. We continue to see improvement in the earnings power and cash flow of many EM companies.
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MSCI China A-share inclusion along the way of China’s transition to quality growth
In June 2017, MSCI announced the partial inclusion of China’s domestically traded, yuan-denominated stocks, or so-called A-shares to MSCI China, MSCI Emerging Markets, and MSCI All Country indices, which is to be implemented from June 2018.
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Banking problems impede India’s reforms
There has generally been a positive response to Prime Minister Narendra Modi’s structural reforms, but there has been an investment slowdown in the medium-term, and recent scandals, huge bad loans and ATM cash shortages imply a banking system that is in crisis – to the tune of $210 billion.