By Gustavo Medeiros, Ben Underhill
The Emerging View

The case for emerging market small cap equities

EM small caps are assumed to be the risky cousin of US small caps. The data says otherwise: nearly nine in ten are profitable, on half the forward multiple of the Russell 2000. We make the case for the asset class.

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Weekly investor research

Oil relief welcome before Wednesday’s FOMC

After 13 consecutive nights of strikes, the US paused its attack on Iran over the weekend, welcome relief ahead of Wednesday's FOMC. Elsewhere, Samsung and SK Hynix signed USD 950bn of US supply deals and Bank Indonesia's governor resigned.
Weekly investor research

The arrival of Kimi K3 tests investors’ faith in Jevons’ Paradox

Chinese open-weight model Kimi K3 raises questions over AI lab monetisation, testing investors’ faith in Jevons’ Paradox. The Korean memory stock unwind extends, US CPI turns negative and the Bank of Korea hikes for the first time in three years.

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'EM in 10' update - April 2023

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.
Equities

Five reasons to buy Emerging Markets equities

Emerging Markets (EM) have faced a challenging environment over the past five years, due to a series of global shocks that have triggered elevated market volatility and led the MSCI EM equity benchmark to experience its most protracted drawdown in...
Weekly investor research

Staying the course

Central banks in the United States (US) and United Kingdom (UK) hiked their policy rates, but framed their forward guidance as data-dependent, mostly due to risks of a significant deterioration in credit conditions. The flash Purchasing Manager Indices...
Weekly investor research

Challenging trade-offs

Credit Suisse was acquired by UBS over the weekend, but there was little market respite as the deal exposed possible capital structure vulnerabilities within the global banking system...
The Emerging View

Navigating a turbulent environment: EM IG to the rescue

Economic growth and inflation have surprised to the upside so far in 2023, not only thanks to the reopening of the Chinese economy, but also due to the resilience of the labour markets. The combination of a resilient economy and inflation has boosted...
Weekly investor research

It’s so hard to read the economy!

Leading indicators in February suggested global manufacturing slowed but services advanced after inflation was higher than expected in January – a confusing read for global macro dynamics. China called for a ceasefire and peace process in Ukraine but...
Video

WEBINAR: China real estate update

Adrian Petreanu, Portfolio Manager for Emerging Markets Corporate Debt, and Gustavo Medeiros, Ashmore’s Global Head of Research discuss recent developments in the China Real Estate market and the opportunities they believe we will see in the...
Weekly investor research

Is a Ukraine ceasefire likely?

Meetings and public statements suggest an attempt to build multilateral support for a ceasefire in Ukraine. China’s Xi Jinping wrote an article in support of boosting income for his country’s low and middle classes as well as supporting its real estate...
Equities

Ashmore Emerging Markets Equity Fund 5 year anniversary!

The past 5 years in Emerging Markets (EM) have been challenging, impacted by a series of global macroeconomic shocks triggering elevated market volatility and gyrations in market leadership. This was exemplified by the MSCI EM returning close to 0%...
Weekly investor research

Disaster hits Turkey

Turkey was hit by a disastrous earthquake a few months before a key presidential election. Brazil debates its inflation target as political pressure on its central bank increased. China’s credit creation was stronger than expected, boosting hopes for...
Weekly investor research

Greed is back!

Global central banks delivered a hawkish tone, but market moves were mostly related to positioning...
Video

'EM in 10' update - February 2023

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.
Weekly investor research

Our year of two halves thesis stays intact

Chinese stocks’ outperformance extended in 2023, allowing for another relief rally into Developed Markets (DM) stocks. Argentina announced a bond buyback. Political noise remained loud in Brazil...