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

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...
Weekly investor research

Hopes of an economic rebound in China float many boats

An encouraging start to 2023, as the re-opening of China’s economy goes ahead. A new year, a rebirth of EM primary market issuance. The storming of the Federal District by supporters of ex-president Bolsonaro in Brazil echoes the similar event on 6 Jan...
Weekly investor research

Hawks deliver a one-two strike

Global equity markets attempt to rise after consumer price index (CPI) inflation was lower than expected across the world, with US equities rallying sharply after its CPI release last Tuesday. However, stocks sold off after the “one-two hawk strike” by...
The Emerging View

2023 Outlook for Emerging Markets - A year of two halves

Emerging Market (EM) assets were subject to three strong headwinds in 2022, namely, China’s zero Covid-19 and real estate crisis, aggressive interest rate tightening from the US Federal Reserve (Fed), and the Russian invasion of Ukraine. Two out of...
Video

EM in 10 - 2023 Outlook summary

Gustavo Medeiros, Ashmore’s Head of Research, summarises the recently published 2023 Outlooks for Emerging Markets.
Weekly investor research

EM PMIs still outperforming as China eases mobility further

Purchasing Managers’ Indices (PMIs) for Emerging Markets (EM) declined very slightly, contrasting with the deterioration on developed world PMIs. Europe agreed on capping the price of Russian oil. Large Chinese cities eased mobility restrictions.
Weekly investor research

Flashing red PMIs already signalling a US recession in early 2023

Flashing red Purchasing Managers Indices (PMIs) are signalling a US recession in early 2023. China protesters took to the streets as local government restrictions conflicted with 20 new guidelines issued early in the month. The Peruvian president...