September 12, 2018 Emerging Markets: It’s Not All About Turkey by Sammy Suzuki Investors in emerging-market (EM) stocks have taken a big hit as Turkey’s crisis has escalated. But a closer look inside the EM benchmark suggests that the entire developing world isn’t broken. Economics, Emerging Markets, Equities Likes 0 SHARE Bookmarks
September 07, 2018 Rising Brand Power Boosts China’s Investment Appeal by Laurent Saltiel, Sergey Davalchenko, Naveen Jayasundaram, Kate Huang China is often seen as a source of low-cost manufacturing. Yet today, many Chinese companies are building world-class brands that are overtaking global competitors at home—and are not fully understood by investors. Emerging Markets, Equities Likes 0 SHARE Bookmarks
August 30, 2018 How Contagious Is Turkey? by Morgan Harting, Christian DiClementi The Turkish lira has dropped 38% as of August 28, putting pressure on inflation as well as the country’s debt-heavy corporations and banks. Investor jitters have spread over the past week to some other emerging markets and European banks with Turkish exposure, but we don’t expect contagion to expand much further from here. Currency, Emerging Markets, Fixed Income, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
August 15, 2018 Will Chinese Renminbi Destabilize Markets as Trade Wars Escalate? by Mo Ji The trade war between Washington and Beijing has tipped China’s currency onto a path of destabilization. If hostilities escalate, China may let its renminbi (RMB) fall further. For investors, that could mean more volatility and tighter financial conditions. Currency, Economics, Emerging Markets, Fixed Income, Trade Wars Likes 0 SHARE Bookmarks
August 08, 2018 EM Stocks in the Time of Trade Tantrums by Stuart Rae Trade war’s becoming a bigger source of concern amongst investors, particularly in emerging markets, because a lot of those economies are very trade dependent. But there’s a difference between the first-order effects, the categories that are actually under trade restriction or trade tariffs now, and what might be happening in future. Emerging Markets, Equities, Trade Wars Likes 1 SHARE Bookmarks
July 03, 2018 Emerging-Market Debt: Expect Volatility—and Opportunity by Shamaila Khan, Christian DiClementi Summer is just beginning, but emerging-market (EM) bonds and currencies have been on a roller-coaster ride for months now. In markets, though, volatility breeds opportunity—and we still see plenty of that among EM issuers. Emerging Markets, Fixed Income, Volatility Likes 1 SHARE Bookmarks
June 15, 2018 Emerging Markets: Diminishing Risks vs. Headline Fears by Laurent Saltiel, Sergey Davalchenko, Naveen Jayasundaram Fears of new threats to emerging markets have cooled stock returns after two years of hot performance. But the concerns may be overstated. The long-term risk profile of emerging markets is continuing to improve. Emerging Markets, Equities, Rising Rates, Volatility Likes 1 SHARE Bookmarks
June 04, 2018 Can Emerging Markets Defy a Stronger Dollar? by Morgan Harting Turkey’s currency crisis has spooked emerging-market (EM) investors, especially amid growing concern about the strengthening US dollar. We think countries and companies in the developing world are actually much more resilient to a stronger dollar than in the past. Currency, Emerging Markets, Equities, Fixed Income, Volatility Likes 0 SHARE Bookmarks
May 29, 2018 Will China Export Volatility as Equity Markets Open? by John Lin China’s markets are opening to the world—but be aware of the potential for unintended consequences. As more money flows into domestic Chinese stocks from abroad, more money is also flowing out of China, which may trigger volatility in regional markets. Emerging Markets, Equities, Volatility Likes 0 SHARE Bookmarks
May 02, 2018 Will the Emerging-Market Equity Rally Resume? A Wall Street Journal blog on Wednesday warned that the emerging-market trade is under threat. But we think investors shouldn’t be swayed by short-term market moves. History shows that EM equity performance cycles typically unfold over several years. Emerging Markets, Equities Likes 0 SHARE Bookmarks
April 09, 2018 Debt, Tech and Trade Wars Cloud the Investment Horizon by Sharon Fay Global equities posted their first quarterly decline in two years during a volatile first quarter. Growing concerns about rising rates, trade wars and regulation in the technology sector will require a new mindset for investors. Emerging Markets, Equities, Inflation, Rising Rates, Trade Wars Likes 0 SHARE Bookmarks
March 22, 2018 Can Investors Make Money in a US–China Trade War? by Stuart Rae, John Lin President Trump’s plans for tariffs on about $60 billion of Chinese imports have rattled equity markets. Investors should begin to study which types of industries, countries and companies could win or lose if an all-out trade war erupts. Economics, Emerging Markets, Equities, Trade Wars Likes 1 SHARE Bookmarks
March 21, 2018 Emerging Markets, Emerging Political Change by Shamaila Khan A lot of positive political change isn’t reflected in emerging market (EM) asset prices. EM investors still demand extra return for political risk even though that risk is going down in some countries—and opportunities are increasing. Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks