By Gustavo Medeiros, Ben Underhill
The Emerging View

The AI Supercycle and Bottlenecks: A Multi-year Tailwind for EM

As AI compute demand scales, the worry has shifted from overbuilding to scarcity. Can energy and chip supply keep pace, or will bottlenecks throttle the capex cycle? We map the constraints and their implications for emerging markets.

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WEBINAR: Emerging Markets: beyond the AI trade

Watch the replay: Gustavo Medeiros (Global Head of Research) and Dhiren Shah (Head of Emerging Markets Equity Strategy) discuss their views on EM opportunities, whether the AI trade has room to run and what it could mean for countries, sectors and stocks.
Weekly investor research

The right edges ahead in the Colombian presidential race

A rightward tide is reshaping Latin American politics: De La Espriella tops Colombia's first round, Fujimori leads Peru's runoff polls, and Caputo predicts a comfortable Milei re-election in Argentina.
Weekly investor research

Deal or no deal?

The US strikes Iranian military assets after Trump signals a deal is close. Aramco preps its largest privatisation to date, South Korea seeds a sovereign wealth fund with semiconductor tax revenue, and UAE investment in the US tops USD 1trn.

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Ashmore video
Video

'EM in 10' update

Gustavo Medeiros, Deputy Head of Research, discusses various Emerging Markets themes. This week, we will go through the performance of EM asset prices year-to-date, discuss the latest manufacturing PMI surveys and finally discuss recent events in China.
Polar bear on ice
The Emerging View

Seven policy proposals to meet the Paris Agreement objectives

The 2015 Paris Agreement introduced the legally binding goal of maintaining the average global temperature below the pre-industrial revolution average plus 2⁰ Celsius in order to avoid severe stress on natural and socioeconomic systems.
Weekly investor research
Weekly investor research

Chinese bonds as safe havens

Chinese Fixed Income was one of the few safe haven markets amidst the turbulent interest rate environment in Q1 2021.
Emerging view
The Emerging View

A short note on Peruvian politics

Peru is characterised by a pronounced and somewhat unusual dichotomy between deeply dysfunctional politics and generally strong economic performance.
Weekly investor research
Weekly investor research

Ships blocked, chips scarce

A large containership blocked the Suez Canal last week, disrupting global trade.
Weekly investor research
Weekly investor research

Transitions

Transitions are noisy, but interesting from an investment perspective.
IMF building
Market Commentary

Missing the big picture on IMF lending

In a recent opinion piece in the Financial Times, Ousmene Mandeng makes the point that the lending programmes of the International Monetary Fund (IMF) are defective.