For more information please contact us

ashmail [at] ashmoregroup [dot] com (Email Ashmore)

Cold War echo

Weekly investor research

03 March 2014

Events in Ukraine are a reminder of just how damaging the Cold War was for Emerging Markets. The silver lining is that superpower tensions are much less prevalent today and we think economic constraints make it unlikely that the problem will spread beyond a few strategically misfortunate EM countries such as Egypt and Syria. Indeed, elsewhere the ‘Fragile Five’ are gradually turning into the ‘Frugal Five’. We also discuss currency volatility in China and the situation in Venezuela. The US data was better last week, but still consistent with an inventory correction rather than just bad weather. Europe’s credit system remains highly ineffective although the Eurozone continues to grow slowly and steadily.

Full article

Latest Insights

View all