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

The final shock

Lebanon announced a moratorium on its sovereign debt.
Weekly investor research

Volatility and opportunity

Ecuadorian bonds experienced considerable price volatility due to inaccurate journalism.
Market Commentary

Chinese bonds deliver in bear markets

Chinese local currency government bonds are entering JP Morgan’s EM local bond index, the GBI-EM GD, at the end of this month.
Weekly investor research

The option value of waiting

High levels of uncertainty are not only associated with a scarcity of facts, but also with high trading costs.
Market Commentary

The power of carry

Quantitative Easing (QE) policies in developed countries triggered a flight from yield in Emerging Markets (EM) as investors pursued capital gains in developed markets instead.
Weekly investor research

Habemus trade deals

The signing of the phase one trade deal between the United States (US) and China and the ratification of USMCA by the US Senate reduced tail risks and boosted short term market sentiment.
Weekly investor research

Delightful diversification

Often underappreciated, the benefits of diversification in external debt were richly on display in 2019, when the asset class returned 15% despite significant volatility in a number of EM countries, including Argentina.
The Emerging View

The 2020-2024 EM fixed income outlook

Following another year of strong returns, EM fixed income has outperformed developed bond markets by a significant margin over the past four years.