The Emerging View
2026 Emerging Markets Outlook
Disinflation, not debasement points to 'goldilocks' in 2026
The latest insights from our categories
Weekly investor research
Fed cuts as attention shifts to EM central banks
Fed cut 25bp plus $40bn/month T-bill buys. BOE set to cut, BOJ to hike; EM MPCs in focus. $52bn tech investment in India; IMF okays $1.2bn for Pakistan. Chile elects Kast; Vietnam FDI 5y high; ratings mixed (Oman up, Hungary down).
Video
WEBINAR: 2026 Emerging Markets Outlook
Ashmore’s Head of Research, Gustavo Medeiros, and Global Macro Analyst, Ben Underhill, discuss the outlook for Emerging Markets in 2026.
Weekly investor research
Brazilian political volatility against a solid real economy
ChatGPT said: Markets navigated rising political and geopolitical noise as Brazilian election tensions grew, the US moved toward a well-telegraphed December rate cut with a data-dependent path in 2026, and commodities threatened to disrupt disinflation.
Latest Insights
The Emerging View
The case for EM external debt
The case for Emerging Markets external debt is solid. The long-term risk-reward has been and remains compelling. The outlook over the medium-term also favours the asset class as the unwinding of distortions in global bond markets attributable to Quantitat
The Emerging View
Beware of Big Fiscal
Picture yourself in charge of the government of a rich country.
The Emerging View
The future is now: index inclusion for Chinese bonds
Chinese local currency government bonds enter the Bloomberg Ag next month.
The Emerging View
EM versus DM growth (2019-2023): How global is ‘global’ growth really?
IMF recently lowered its growth rate forecast for the global economy.
The Emerging View
The 2019-2023 EM fixed income outlook The Emerging View
Emerging Markets (EM) fixed income should deliver compounded returns ranging from 30% to 60% in Dollar terms over the 2019-2023 investment horizon as markets revert to unwinding the so-called QE trades
The Emerging View
US late cycle dynamics and EM bonds
The recent volatility in US stocks may be a warning that the US business cycle expansion is moving into its late stages.
Market Commentary
The green light for EM local markets just got significantly greener
The US mid-term election outcome was broadly in line with expectations as the Democrats took control of the House of Representatives, while the Republicans retained the Senate.
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.
The Emerging View
Déjà vu 2002
The 2018 sell-off in EM local markets is more than a mere conventional ‘buy the dip’ opportunity.
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.
The Emerging View
The EM fixed income universe version 7.0
This is the 7th annual review of the Emerging Markets (EM) fixed income asset class.
The Emerging View
Consultation exercise could lead to important EM index changes
A new consultation exercise regarding important changes to the two most used EM fixed income benchmark indices is underway.
The Emerging View
On the road to Korean reunification
A solution to the Korean Conflict is about a quarter of a century overdue, but now there is movement.
The Emerging View
Chinese bonds in Developed Markets bond portfolios
Chinese bonds will enter the Global Ag index less than a year from now.
Market Commentary
Emerging Markets – Powerhouse of global growth Market Commentary
Emerging Markets (EM) today are the world’s primary drivers of global growth and wealth accumulation.
Market Commentary
The best entry point for External debt in more than two years
A recent pullback in markets has produced the best entry point for more than two years in EM fixed income.
The Emerging View
Five stylised facts about EM and commodities
Data no longer supports the conventional thesis of Emerging Markets (EM) as a pure commodity play.
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.