Industry news and views from Panacea and our partners.
Emerging Markets_
Schroders: Spotlight series 2026 Reframed Macro Strategy - escalation in the Middle East
We have reframed this Thursdays Macro Strategy webinar to focus on the investment implications of the ongoing conflict across the Middle East. This will bring you insight from some of our leading strategists and investors.
Aberdeen: Emerging markets equities: have we seen the top?
EMs rally has raised big questions and the real story sits beneath the headlines.
Artemis: Will 2026 be China's year?
Wondering whether the New Year will bring an end to US exceptionalism has become something of tradition among investors as they play the annual forecasting game.
Columbia Threadneedle: Emerging market equities: identifying the key long-term trend
As we enter 2022 we can expect robust fundamentals to serve as a key tailwind for emerging markets.
Columbia Threadneedle: Emerging market equities: an exciting universe
Emerging markets are much changed from a decade ago. We talk to Dara White, Head of Global Emerging Markets Equity, and Derek Lin, Portfolio Manager and China specialist, about the major themes driving this universe, why its the most exciting time to be invested in EMs, and how we as investors navigate the opportunities and challenges posed by this large and diverse market
Artisan: Are the Emerging Markets Cheap?
In a recent investor letter, Artisan Developing World founding PM Lewis Kaufman writes about the shortfalls of purely looking at investing through the lens of models and multiples.
Artisan Partners: Transcending Constraints in the Emerging Markets
Watch Artisan Developing World founding PM Lewis Kaufman discuss the types of businesses best positioned to transcend macroeconomic constraints in EM countries. (1min.)
Artisan Partners: Constraints in the Emerging Markets
In an interview with Citywire, Artisan Developing World founding PM Lewis Kaufman discusses where he is finding opportunities amidst a generally constrained economic backdrop in the emerging markets.
T. Rowe Price: Is the Value Rally in Emerging Markets Sustainable?
After a decade of strong value outperformance in emerging market equities from 2001 to 2010 came a decade of sustained underperformance. In 2020, the value/growth divergence in EM reached an extreme not seen before, driven by the deep recession created by the global coronavirus pandemic.
Orbis: Unpacking the risks from regulatory change
For Chinese companies, regulatory change is a perennial risk. This month, the government gave investors a stark reminder of that risk when it announced sweeping changes to Chinas online tutoring industry.
J O Hambro: Emerging Markets Spotlight
As vaccination rates increase, it is possible to start considering what a post-Covid world might look like.
Aviva Investors: Food for thought: EMD and the threat of inflation
Emerging market debt investors need to keep a watchful eye on food price inflation as a potential key driver of monetary policy, especially as this has not coincided with a weaker US dollar, argues Nafez Zouk.
T. Rowe Price - Value in emerging markets: will history rhyme?
History doesn't repeat itself, but it often rhymes". 22 years ago Value investing was declared obsolete, what followed was a decade of Value outperformance in Emerging Markets.
Jupiter: Financial inclusion and fintech in emerging and frontier markets
Covid-19 has driven financial inclusion and the evolution of fintech. Ross Teverson explains why well-managed emerging and frontier market banks stand to benefit.
Aviva Investors: Divergence, debt sustainability and climate: Key takeaways from the IMF Spring meetings
Debate over the short- and longer-term consequences of COVID-19 dominated the Spring meetings of the International Monetary Fund, with our emerging-market debt team among those following discussions closely.
M&G: Spotlight on environmental challenges: targeting solutions for the planet through impact investing
We believe there are huge opportunities for innovative companies that can successfully deliver viable products and services that help solve some of the worlds most pressing environmental challenges.
Aberdeen Standard Investments: The Emerging Market Equities Podcast the Chinese technology sector
Join us for the first episode of our Emerging Market Equities Podcast, where we look at the who, what, where, when, and why of investment opportunities in the region. This week, Adam Montanaro, Pruksa Iamthongthong, and David Smith talk to Nick Robinson about Chinese technology. How has the sector evolved from its infancy to become a powerhouse of emerging markets? How does increased internet connectivity tie in with the increase in Chinese consumption? What are the building blocks of 5G, and how will it influence the future of technology in China?
Aviva Investors: EMD: The art of differentiation
Liam Spillane and Aaron Grehan explain why there are still opportunities for investors in emerging market debt, despite expectations of higher defaults and lower recovery rates.
Aviva Investors: Re-enter the dragon: What Chinas recovery from COVID-19 means for emerging markets
As China gradually emerges from lockdown, emerging market debt and equity investors are trying to gauge the impact of the coronavirus pandemic on its economy and the knock-on effects for other emerging markets.
Aviva Investors: COVID-19 and a brief history of emerging market debt
The scale and speed of COVID-19s impact on global financial markets has caused emerging market debt returns to decline at a pace not seen since the global financial crisis.
Aberdeen Standard Investments: Emerging markets in the time of novel coronavirus
When COVID-19 (coronavirus) first made headlines, in China, then worldwide, global market reactions were complacent. It was perceived as a primarily Chinese issue, reminiscent of the SARS outbreak of the early 2000s. Expectations were for a brief selloff, which would last only until the number of new cases retreated.
Columbia Threadneedle Investments: Asian and emerging markets equity update - 2019 overview and 2020 outlook
Asian and emerging markets equity update - 2019 overview and 2020 outlook
Invesco: Culture clashes and windscreen smashes
The first Chinese A share we owned in the Invesco Asian Fund (UK) was a company called Fuyao Glass. Although we no longer own Fuyao, two other Chinese auto parts companies with clear parallels Huayu and Minth are currently held in this fund.
Invesco: The Polish economy is bucking the trend and what this meant for our portfolio
Whilst most European economies are struggling, the Polish economy is defying expectations: it has seen solid growth rates, strong wage growth and an improved current account balance relative to history.
Aviva Investors: Emerging markets election cycle - 2019
Numerous emerging markets are going to the polls in 2019. We survey some of the key results so far and look ahead to the big votes in the second half of the year.
Aviva Investors: US vs THEM: Ian Bremmer on politics, trade and technology in emerging markets
We speak to the political scientist about the long-term themes affecting emerging markets, from the trade war to technological automation to climate change.
Legg Mason: EM Backdrop Still Strong
Politics and growth are both key issues for Emerging Markets, where the overall news is positive but with some notable exceptions.
Orbis: How do emerging markets really stack up against the US?
The US is expensive, and emerging markets (EMs) are cheap, Weve observed that before. But price alone isnt what matters. What matters is the relationship between what youre paying and what youre getting, and the US and EMs represent different baskets of businesses.
Legg Mason: The Long-Term Impact of Trade Wars
Will todays trade tensions permanently disrupt global value chains and lead to a new Cold War?
Invesco: LatAm equity health check
Where are the equity opportunities within Latin America, and what are the key concerns? Can imminent political reforms improve the outlook?
M&G: Outlook 2019: Emerging Market Debt
In this short video, fund manager Claudia Calich looks back at key drivers for emerging market debt in 2018 and examines what did and did not work for the Fund, before moving on to discuss key themes on the horizon for 2019.
Aviva Investors: Can the Tropical Trump rescue Brazil?
Markets may have reacted positively to the election of Jair Bolsonaro as president of Brazil, but investors would be advised to temper their optimism given the political challenges he will face when he takes office in the New Year.
M&G Investments: Emerging Markets: 5 key issues to watch in 2019
Emerging Markets (EM) debt had a torrid 2018 as global macro risks, softer EM growth and idiosyncratic stories, all repriced relatively expensive valuations at the beginning of the year. Are the new prices a better reflection of fundamentals? This will largely depend on the evolution of 5 key topics.