EMs: not all smooth sailing
A reminder on Thursday from Goldman Sachs that emerging market assets are still in for some bumpy times ahead. While the no tapering announcement by the US Federal Reserve last month and the nomination...
View Article[video] Tapering is “not significant” for EM, says Mobius
Guess what? Mark Mobius, chairman of Templeton Emerging Markets, is still an EM bull! He dismisses the 2013 taper tantrum as “overdone”, and says that the actual onset of tapering will prove ” not...
View ArticleFrom Brics to blocs: a new matrix for EM investing
By Michael Power of Investec Asset Management The Brics acronym has captured investors’ imagination like few others. But has it really helped us understand the intrinsic nature of the risks and rewards...
View ArticleGuest post: which countries are most vulnerable to EM sell-off?
By Michael Power, Investec Asset Management “Are we nearly there yet?” Most of us have faced – and in our younger days probably asked – the same question. As with children on long car journeys, this...
View ArticleHello 2015: the EM “catch up” themes to watch
By Jorge Mariscal of UBS Wealth Management Over the past 20 years, 700m people have been lifted out of poverty in developing economies. This new middle class should grow another 60 per cent by 2020,...
View ArticleHello 2015: EM corporate bonds to sail through market squalls
By Siddharth Dahiya, Aberdeen Asset Management It is fair to say that 2014 has been a turbulent year for markets. It has featured a slowdown in China, crashing commodity prices, concerns about rising...
View ArticleEM portfolio flows suffer sharpest slump since “taper tantrum”
Portfolio flows into emerging markets (EM) suffered their sharpest slump in December since the 2013 “taper tantrum” as the Russian currency crisis and sliding oil prices intensified risk aversion among...
View ArticleOriginal sin stalks vulnerable EMs as US dollar surges
Fears over “original sin” are once again stalking emerging markets (EM). As the US dollar surges against most EM currencies, a multi-year EM binge on US dollar debt is morphing into an inevitable...
View ArticleGuest post: flood of global liquidity destabilises EM
By Xavier Denis, Societe Generale Private Banking The huge expansion of liquidity due to quantitative easing in advanced economies can have an adverse impact on emerging economies. The “lowflation”...
View ArticleBook review: Cracking The Emerging Markets Enigma
How do you classify the countries known as emerging markets (EM)? That question has become more relevant since the FT declared the EM term unhelpful and obsolete as a definition. So what should replace...
View ArticleHey, EM: where’s the structural reform?
By David Lubin, Citi You often hear economists and investors talk these days about the ‘broken growth model’ in emerging markets. It isn’t a terribly precise term but it’s easy to see what people mean....
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