
Ashmore EM Review and Outlook - June 2021
Gustavo Medeiros (Deputy Head of Research), Alexis De Mones (Portfolio Manager) and Adrian Petreanu (Portfolio Manager) review the markets and discuss the outlook for EM.
Gustavo Medeiros (Deputy Head of Research), Alexis De Mones (Portfolio Manager) and Adrian Petreanu (Portfolio Manager) review the markets and discuss the outlook for EM.
2:00 mins - Introduction
2:29 mins - Gustavo Medeiros
Macro Update and key views on Inflation, USD and FED
Highlights
- EM Performance: Review of YTD EM Asset Performance.
- US Inflation: Impact from Commodity prices and wage pressures.
- EM Inflation: Despite pick up, it’s expected to then decline. More subdued than US Inflation.
- USD: Long term USD trend shifted from bull market 2011-2016 – now moving into bear market.
- FED: 5 reasons EM is in better shape to face a taper tantrum.
22:19 mins - Alexis De Mones
Review of performance and attribution for flagship EMD, Local Currency and Blended Debt Funds plus key views and positioning
35:48 mins - Adrian Petreanu
Performance of Main Credit funds followed by fundamental and technical analysis of EM Credit Markets.