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EM growth beats expectations and negative market sentiment in Q3
Weekly investor research
18 November 2013
Third quarter GDP data from a quarter of the EM universe as well as the three main HIDC (Heavily Indebted Developed
Countries) economies show that developed economies were more affected by tighter financial conditions over the summer than
Emerging Markets (EM). This finding is of course diametrically opposed to most perceptions and indeed the market price action
of the past few months, underlining once more the inefficiency of the asset class.