USD and oil: EM quarterly video update
“We haven’t seen a trade war hit emerging markets. If it does I think it will be quite specific in terms of where it hits.”
James Syme, Senior Portfolio Manager, Pendal Global Emerging Markets Opportunities Fund
Investor caution towards emerging markets has increased this year as a strengthening USD creates real challenges for a number of EM countries. This caution has accelerated more recently with trade war rumblings and Turkey’s economic flashpoint.
In this quarterly update, Senior Portfolio Manager James Syme:
– explains, using Russia, Brazil and Turkey as live examples, why active top down country selection is so important in EM
– sets out the team’s rationale for key country-level overweight and underweight positions
– discusses the role the USD and oil prices will play in driving EM performance dispersion.
Further reading:
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