For more information please contact us
ashmail [at] ashmoregroup [dot] com (Email Ashmore)
Political time shortening fast in Brazil
Weekly investor research
04 April 2016
This week we briefly comment on the strong returns of Emerging Markets (EM) assets for March. We also cover the main
political developments in Latin America and South Africa: Jacob Zuma displays his incredible political survival skills, which
Dilma Rousseff probably wishes she could emulate as Brazil may be one week away from an impeachment vote in the lower
house. We highlight recent China economic data and some green shoots coming from Asian economic data. Finally, while
global macro-economic conditions remain very challenging, the US economy continues to create jobs and the manufacturing
sector may have bottomed out in Q1.