“Emerging markets remain in a much better position…but it is important to monitor where value is developing”

James Syme, Senior Portfolio Manager, Pendal Global Emerging Markets Opportunities Fund

A number of emerging markets have felt the impacts of a strong US dollar, volatility in the oil price and a tightening of the reins on US trade policy so far in 2018, resulting in varied performance across different countries.

In this quarterly update, Senior Portfolio Manager James Syme:

– explains the role of major policy decisions in driving performance dispersion across emerging markets

– highlights the key markets which are in fundamentally better shape; and 

– sets out the team’s rationale for key country-level overweight and underweight positions

Further reading:

Why an active approach to emerging markets is crucial; emerging markets go right or wrong at the country level

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