Data no longer supports the conventional thesis of Emerging Markets (EM) as a pure commodity play.

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

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

Despite the size of the Chinese onshore fixed income market, most investors are not involved.

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

Emerging Markets (EM) currencies are rallying against the Dollar.

2017 was the best performing year for Emerging Markets equity since 2009, both in absolute and relative terms.

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

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

Last night’s S&P downgrade of El Salvador’s credit rating to Selective Default makes this report on Emerging Markets (EM) external debt extremely timely.

The view that Developed Market bonds are risk-free and that Emerging Markets (EMs) bonds are risky remains deeply entrenched.

Quantitative Easing (QE) was the largest and most distortionary intervention ever made in global bond markets and it particularly favoured US markets.

This is the 6th annual review of global fixed income.

Why is the US VIX index so low?

In a recent article about China’s inclusion in the MSCI benchmark index the Financial Times columnist John Authers made the following astute observation: “There is something ungainly in the way [China’s index inclusion] has been outsourced to MSCI..."

Frontier Markets may be the least-understood corner of the global equity map.

Global bond funds have seen a dramatic rise in assets over the past 10 years, reflecting the desire of investors to be exposed to a broader, more diverse set of assets away from their home markets.

MSCI’s inclusion of Chinese stocks into its index is another inexorable step towards China’s entry into and eventual dominance of the global financial system.