FT Adviser’s Post

Insightful comments in the from Marie Diron, Managing Director of Global Sovereign Risk at Moody's Investors Service, on a piece published in the Financial Times about risks for Emerging Markets investors in the face of the upcoming election cycle in the US and around the world: "Countries with large domestic economies — such as Brazil and South Africa — could fare better with a change in the US, she suggests. “When there is a lower confidence, in general, in the future of the world environment, then emerging markets tend to be affected,” Diron says, and investment timing becomes key. For emerging economies, “the election, itself, is rarely really a point at which we see a material credit impact, because we do want to see policies fully designed and started to get implemented to have more confidence in implications.” #emergingmarkets #2024elections

Ahead of elections in India, Mexico, and South Africa, emerging markets show promising economic management and reduced risks. Effective monetary policies and structural reforms are driving growth. Read more on these positive developments. https://ow.ly/HGLL50Su06Y

𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐢𝐧𝐤𝐬 + 𝐓𝐡𝐞 𝐖𝐞𝐞𝐤 𝐀𝐡𝐞𝐚𝐝 (𝐌𝐚𝐲 𝟐𝟕, 𝟐𝟎𝟐𝟒) 𝘚𝘈 𝘦𝘭𝘦𝘤𝘵𝘪𝘰𝘯𝘴, 𝘥𝘰𝘮𝘦𝘴𝘵𝘪𝘤 𝘊𝘩𝘪𝘯𝘦𝘴𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘴𝘤𝘰𝘰𝘱 𝘶𝘱 𝘴𝘵𝘰𝘤𝘬𝘴, 𝘔𝘦𝘹𝘪𝘤𝘰 𝘵𝘰 𝘵𝘢𝘳𝘨𝘦𝘵 𝘣𝘢𝘯𝘬𝘴 𝘵𝘰 𝘴𝘰𝘭𝘷𝘦 𝘪𝘵'𝘴 𝘣𝘶𝘥𝘨𝘦𝘵 𝘱𝘳𝘰𝘣𝘭𝘦𝘮𝘴, "𝘊𝘢𝘳 𝘞𝘢𝘴𝘩" 𝘤𝘰𝘯𝘷𝘪𝘤𝘵𝘪𝘰𝘯𝘴 𝘰𝘷𝘦𝘳𝘵𝘶𝘳𝘯𝘦𝘥, 𝘌𝘔 𝘴𝘵𝘰𝘤𝘬 𝘱𝘪𝘤𝘬𝘴 & 𝘵𝘩𝘦 𝘸𝘦𝘦𝘬 𝘢𝘩𝘦𝘢𝘥 𝘧𝘰𝘳 𝘦𝘮𝘦𝘳𝘨𝘪𝘯𝘨 𝘮𝘢𝘳𝘬𝘦𝘵𝘴. The Chinese, Hong Kong and South African stock markets are probably the world’s three most hated stock markets right now with 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 𝐡𝐚𝐯𝐢𝐧𝐠 𝐚 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐝𝐨𝐨𝐦𝐬𝐝𝐚𝐲 𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧 later this week (May 29th). As covered in yesterday’s post, the 𝐩𝐫𝐨𝐛𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐚 𝐝𝐨𝐨𝐦𝐬𝐝𝐚𝐲 𝐫𝐞𝐬𝐮𝐥𝐭 𝐦𝐢𝐠𝐡𝐭 𝐧𝐨𝐭 𝐛𝐞 𝐚𝐬 𝐠𝐫𝐞𝐚𝐭 𝐚𝐬 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐚𝐧𝐝 𝐞𝐯𝐞𝐧 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐡𝐚𝐯𝐞 𝐩𝐫𝐢𝐜𝐞𝐝 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 (see our South African stocks tagged posts) while Chinese domestic investors are buying up shares in the hates Chinese market that foreigners are still too afraid to touch. Mexico is another country about to have elections (June 2nd) and the Financial Times has noted the 𝐜𝐨𝐮𝐧𝐭𝐫𝐲’𝐬 𝐛𝐮𝐝𝐠𝐞𝐭 𝐩𝐫𝐨𝐛𝐥𝐞𝐦𝐬 𝐡𝐚𝐬 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐢𝐚𝐧𝐬 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐨𝐧𝐞𝐲 𝐟𝐫𝐨𝐦 𝐯𝐚𝐫𝐢𝐨𝐮𝐬 𝐬𝐞𝐜𝐭𝐨𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 (which is benefiting from nearshoring trends)... #EmergingMarkets #FrontierMarkets #StockPicks #SouthAfrica #SouthAfricaElections #Mexico #MexicoElections https://lnkd.in/gd5PRRKx

The political landscape after the elections in North Macedonia. Read the Bi-Weekly Report on Southeastern Europe and Mediterranean Emerging Market Economies, published by the Emerging Markets Research, Economic Analysis Division of NBG. #NBG #NBGinsights #BankingToday

Cyprus’ recurrent sizeable fiscal surpluses -- the largest in the EU -- along with strong nominal GDP growth have put public debt on a steep downward path. Read the Bi-Weekly Report on Southeastern Europe and Mediterranean Emerging Market Economies, published by the Emerging Markets Research, Economic Analysis Division of NBG. #NBG #NBGinsights #EconomicAnalysis

Indonesians get ready to go to the polls in February—highlights on this and other news, events and data shaping emerging markets from the Franklin Templeton Emerging Markets Equity team. Get the latest outlook. https://lnkd.in/g4-jUvFQ.

For more than a decade emerging markets have underperformed developed markets. With multiple elections set to take place in 2024 and a cooling of global inflation, could 2024 be the year that headwinds turn into tailwinds?  To understand how the elections could impact the investment outlook in 2024, the National Association of Investment Companies (NAIC) (AIC) has gathered comments from investment company managers in the Global Emerging Markets sector. #2024 Read below:

Indonesians get ready to go to the polls in February—highlights on this and other news, events and data shaping emerging markets from the Franklin Templeton Emerging Markets Equity team. Get the latest outlook. https://lnkd.in/eNU3ThaZ.

North Macedonia: Inflation risks and the need to safeguard public finances call for a prudent policy mix. Read the Bi-Weekly Report on Southeastern Europe and Mediterranean Emerging Market Economies, published by the Emerging Markets Research, Economic Analysis Division of NBG. #NBG #NBGinsights #BankingToday

2024 will be a banner year for elections in Emerging Markets says Rishikesh Patel from our Partner Polen Capital. In this video, he explains which countries will be most affected and the main themes he expects to see for Emerging Markets in 2024. Learn more about Polen Capital here: https://lnkd.in/e26gbp3q