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.
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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

Tokayev elected president of Kazakhstan for another 7 years

A clear result in the Kazakh election contrasts with the hung parliament in Malaysia. The Indonesian Central Bank hiked its policy rate by 50bps to 5.25% - another move fostering macroeconomic stability. China economic data was soft and zero-covid took...
Weekly investor research

EM stocks and PMIs outperformed

EM Purchasing Managers’ Index outperformed DM’s as China’s economic activity remained lukewarm due to the zero covid-19 policy. EM stocks outperformed led by China as hopes of a Chinese reopening increased. Brazilian assets outperformed the most as...
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'EM in 10' update - November 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.
Weekly investor research

Threats, or tricks!

Former President Luiz Inácio ‘Lula’ da Silva pulled a trick, winning the presidential election for third time with 50.9% of valid votes, despite losing the elections in four out of five regions. Developed world central banks are handling threats in the...
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Xi Jinping consolidates power

The Chinese politburo is now tightly controlled by Xi Jinping. Argentina fiscal and external numbers were better than expected. Incumbent Brazilian President Jair Bolsonaro is rising in polls for the runoff next Sunday 30 October. Colombian Finance...
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IMF sees better GDP growth in EM

The IMF has kept its global economic growth forecast for 2022 unchanged at 3.2% but highlighted better EM growth. Russia aims at Ukraine infrastructure. Brazil had the third consecutive month of deflation. China’s 20th Party Congress started Sunday as...
Weekly investor research

War or Peace?

Russia on the backfoot as the plot thickens in Ukraine. The OPEC+ agreed to cut its production quota by 2m barrels of oil per day. The global manufacturing PMI is still on a declining trend, but several EM countries are bucking the trend and...
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Brazilian presidential elections tighter than expected

Russia annexed four Ukrainian provinces after a staged referendum, but the Ukrainian army re-takes important territories on the ground. Incumbent President Jair Bolsonaro performed better than expected in the presidential election in Brazil.
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Escalation or cease-fire?

Russia's Vladimir Putin took an unpopular decision and mobilised 300k new conscripts to the army as Donbass holds a referendum on whether to become part of the Russian territory. Developed countries have been through a full-blown currency crisis which...
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'EM in 10' update - September 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.
Weekly investor research

Ukraine takes back Kharkiv

The Ukrainian army regained a large territory in the Northeast as the Russian army fled direct confrontation. Argentina’s exporters increased sales of soybeans. Car production improved in Mexico, Brazil, and Argentina. China aggregate financing was...
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Outlook and opportunities in emerging market debt

Gustavo Medeiros, Head of Global Macro Research at Ashmore, shared his global macro-outlook views, as well as potential implications for Emerging Market assets, including China real estate bonds - at the Think Tank investment conference.
Weekly investor research

Chileans reject new constitution and Europe faces an energy crisis

European energy prices remain elevated as Gazprom shut down the Nord Stream 1 pipeline. The manufacturing PMIs again showed for a much more resilient picture across Emerging Market countries. Chileans rejected the new constitution. China grapples with...