By Gustavo Medeiros, Ben Underhill, Simon Cooke
The Emerging View

Generating impact and returns through EM public debt markets

Global sustainability funding needs are overwhelmingly concentrated in emerging markets, yet impact capital still skews to developed markets. The September Emerging View sets out why EM public debt is the most scalable way to close the gap.

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Weekly investor research

AI safety and surging energy prices trigger risk-off mood

Markets price a 90% chance of a Fed hike this week even as CPI details stay benign, while Saudi Arabia shuts its East-West pipeline. Plus: Korea weighs a Hormuz deployment, Brazil’s biggest inflation drop since 2022 and Dangote’s Kenyan refinery.
Video

WEBINAR: India: The Uncorrelated Allocation

Watch the replay of this insightful webinar where Rashi Talwar, in conversation with Ben Underhill (Research Associate), discuss their views of the key themes in the Indian equity market and how Ashmore is positioning.

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Weekly investor research

Better market sentiment after good news from China

Equities and fixed income recovered from oversold levels. Russia takes further territory in Donbas as a peace deal remains elusive. Argentina allowed energy companies increasing production to access foreign currency. Brazil inflation was higher than...
Video

Frontier markets, why and why now

Andy Brudenell, Ashmore’s Lead Portfolio Manager for Frontier Market strategies answers questions about why Frontier Markets, and why now for your asset allocation.
Weekly investor research

US stocks down, EM stocks up

US stocks and the US dollar underperformed last week as economic activity slows in the US while EM stocks rebounded. China cut lending rates by 20bps. The Ukraine conflict remained at a stalemate as Russia downplayed the importance of Sweden and...
Weekly investor research

China’s data weak, but leading indicators more encouraging

Finland and Sweden said they would like to join NATO. China’s economic data was much weaker than expected in April, but higher frequency data improved in May. Brazil’s Petrobras hiked diesel prices despite political pressures. Most Chileans said they...
Weekly investor research

No breakthrough on victory day

There was no breakthrough from Russia during victory day and no significant sanctions on Russia following the G7 meeting. Brazil hiked policy rate by 100bps to 12.75%, Czech and Poland hiked 75bps to 5.75% and 5.25% respectively while India hiked 40bps...
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...