Stockholm (Ekonamik) – Ahead of this week’s wave of central bank meetings, the European Council and Midsommar, we peeked into asset managers’ views of emerging markets.
Heightened USA-Iran tensions over the explosion of an oil tanker in the Gulf of Oman, was the main event in the news this week, leading to a spike in oil prices. Among others, we also noted Malaysia‘s recent market rebound, Portugal‘s inaugural Panda bond, a Swedish retailer’s boycotting Brazil over pesticides, Norway‘s exclusions of coal companies and the political tradeoffs ahead underlining the selection the next generation of EU leaders.
IN FOCUS – Emerging Markets
This week, Ekonamik focused on Emerging Markets. In an interview, Eelis Hein, the former CIO of FIM Asset Management, discussed how emerging markets have underperformed developed markets and the opportunities that are missed by passive strategies in emerging market.
Our review of Asset managers insights noted concerns from Orbis, Hermes, Robecco and Goldman Sachs that echo Eelis’s own view. One issue that seem to weigh on emerging markets was the trade war, with Unigestion illustrating the negative effect that announcements on this topic have on emerging market returns. Finally, our very own Kim Hansson attended an event hosted by East Capital discussing the governance and regulatory risks in Asian markets, particularly in China.
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