Emerging Markets Debt Chart Book

OpinioPro Selection
By January 30, 2019 17:03

Emerging Markets Debt Chart Book

  • Emerging markets debt (EMD) index performance was mixed in Q4. Local market performance finished in positive territory, sovereign performance was negative, and corporates were roughly flat. Differentiation between countries continues to be significant, though problems have begun to spread.
  • Valuations continue to become more attractive than earlier this year, however, risks remain. In particular, a pickup in investor outflows could lead to an even more dramatic drawdown.
  • Emerging markets (EM) FX outlook was upgraded to Moderate Overweight. Recent weakness continues to make valuations look more attractive, and external factors may improve. EM central banks have turned hawkish, which will help to support currency levels

OpinioPro Selection
By January 30, 2019 17:03

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