Seoul City skyline
By Gustavo Medeiros, Ben Underhill
The Emerging View

South Korea in focus

Korea runs a current account surplus yet the won sits at a 13-year low. We unpack the engineered offshoring behind it, why the policy is now reversing, and why we think the setup for Korean equities looks the strongest since 2007.

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Weekly investor research

Global yields squeeze higher

Brent crude topped USD 110 after Iran's strike on a UAE nuclear plant. S&P upgraded Nigeria to 'B' (first since 2012) but cut Mexico's 'BBB+' outlook to negative. Russia launched its heaviest aerial strikes of the year on Ukraine.
Weekly investor research

The “no war, no peace, no oil” status lives on

Hormuz stalemate as the US rejects Iran's counterproposal. Bank Indonesia rolls out a stabilisation package, Modi calls for FX-preserving austerity, JPMorgan lifts its Kospi bull case to 10,000, and Fitch upgrades Argentina to 'B-'.

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Market commentary
Market Commentary

Convergence, Big Time

A new study shows strong empirical evidence in favour of Emerging Markets (EM) economic convergence, which is arguably the single most important fundamental rationale for allocating to the EM asset class.
Emerging view
The Emerging View

Déjà vu 2002

The 2018 sell-off in EM local markets is more than a mere conventional ‘buy the dip’ opportunity.
Emerging view
The Emerging View

The EM equity universe: 7 implications of evolution

The size of the Emerging Markets (EM) equity universe is significant. It is evolving quickly and becoming more sophisticated as EM broaden, deepen and liberalise, better reflecting their underlying economic growth drivers.
Market commentary
Market Commentary

Saudi Arabia’s Big Year

It was announced on 28 March that Saudi Arabia will be a constituent of the FTSE Emerging Markets index.
Market commentary
Market Commentary

The limits of protectionism

Last night the US government announced details of a USD 50bn package of tariffs on Chinese imports.
Market commentary
Market Commentary

Second Chance Saloon

Emerging Markets equity investors have once again over reacted to Developed Market events.
Emerging view
The Emerging View

2018 EM fixed income outlook

2018 is likely to see strong inflows to EM local markets on the back of strong performance, good value and improving fundamentals.
Emerging view
The Emerging View

The DM savings glut

In 2005 Former Fed Chairman Ben Bernanke argued that a savings glut in EM explained the US current account deficit.