By Gustavo Medeiros, Ben Underhill
The Emerging View

EM equity and AI: cheap exposure today, broader impact tomorrow

Emerging market tech trades at a steep discount to its US peers, and most of the index is not tech. We score 25 countries on how AI could lift or hurt growth.

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Market Commentary

Bangkok's many contrasts

Takeaways from the IMF Annual Meetings: resilience once again, fiscal complacency in developed markets, and two upgrade candidates for every downgrade.

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Weekly investor research

Russia threatens to cut gas supplies to Europe

Russia announced it halted gas supplies to Poland and Bulgaria and said it repaid the Eurobonds before the end of the grace period. Brazilian consumer price inflation rose less than expected. The Chinese politburo sent a strong message of support for...
Video

'EM in 10' update - May 2022

Gustavo Medeiros, Ashmore’s Head of Research, answers some timely questions about recent events and performance in Emerging Markets for our EM in 10 monthly video review.
The Emerging View

The USD bull trap and EM USD debt

Emerging market assets underperformed over the first four months of the year as market participants priced in a much more hawkish hiking cycle by the Fed. At the same time, higher interest rates differentials buoyed the greenback lead the US Dollar...
Weekly investor research

Better than expected Chinese data, but peace talks stalled in Ukraine

Chinese economic activity was better than expected, but underlying sector data suggests weaker dynamics than meets the eye. Sri Lanka announced the suspension of debt service. Indian inflation surprised to the upside. Indonesian trade surplus rose...
Market Commentary

Russia & Belarus index exclusion post-mortem

This piece reviews the background and impact of the exclusion of Russia and Belarus from the main Emerging Markets (EM) indices as well as the current market conditions and outlook for Russian and Ukrainian bonds.
Weekly investor research

Global Manufacturing PMIs play into the stagflation narrative

Global Markit Manufacturing PMI indicators softened, as China underperformed due to targeted lockdowns in Shanghai, notably. The increase in ISM prices paid and the depressed level of supplier delivery times in the US Markit PMI provide further...
The Emerging View

The case for EM in a multipolar world

The Russian invasion of Ukraine is a shock to the existing world order. From an economic perspective, the initial impact of the war is rising inflation given the importance of Russia and Ukraine in the supply of commodities to the world. The economic...