Practical analysis for investment professionals

emerging markets

Frontier Markets Faring Better than Emerging Markets

Mutual funds that invest in emerging markets have reportedly seen more than $2 billion in outflows so far in 2013, while funds focused on frontier markets have seen assets under management swell by more than $1.5 billion in the year to date. What explains this divergence in fortunes? The answer seems to be related to the comparative degree of integration in the global economy and appetite for foreign capital.

Weekend Reads for Advisers: Emerging Markets, Meditation, and Monetary Policy

I don't know about you, but to me it seems as if summer flew by. Here in the United States, Labor Day — the symbolic end of summer — is just around the corner. With that in mind, I thought I'd do something a little different this week: before I recap some of the most interesting content I've come across recently, here's an ode to summer.

Turmoil in Emerging Markets: Is It 1997 All Over Again?

With expectations that the US Federal Reserve will soon begin to tighten monetary conditions, emerging markets — particularly in Asia — are grappling with renewed volatility. To understand what might be in store, it is instructive to look at the root causes of the 1997 Asian financial crisis.

Volatility in Emerging Markets: Resources on Currency and Capital Flows

Emerging markets are vulnerable to aggressive inflows and outflows of capital — and that vulnerability has been on display over the past few weeks, especially in India, where the rupee has lost 15% of its value since March. These highlights from recent CFA Institute conferences help shed light on the current turmoil.

Take 15: The Second Wave of Developing Economies (Video)

Economist Dambisa Moyo discusses her views on the transformative role emerging markets are playing in the global economy. The resource constraints posed by the 2 billion people expected to enter the middle class in the next 10 years will reshape geopolitics, alliances and of course, macroeconomics.

Water Cheung: China’s Liquidity Crunch Is Nothing Systemic – Just a Wake-Up Call for the Financial Sector

China's liquidity crunch is just a “live stress test” on the financial system, and signals to the commercial banks and shadow finance entities that they must manage their liquidity positions, operations, and lending practices in a more prudent manner, according to Water Cheung, CFA.

New Era for Global Bonds: Everything You Know Is Wrong

It used to be that investors most feared interest rate risk in industrial countries and credit risk in emerging economies. The rules have changed, says Ramin Toloui, PIMCO's global co-head of emerging markets portfolio management.

US Industrial Renaissance is Eroding Emerging Markets’ Competitive Edge

Antoine van Agtmael argues that an industrial renaissance in the United States is eroding the competitive edge of emerging markets.

Did the Gold Standard Work? Economics Before and After Fiat Money

Suddenly gold is being proposed as a cure-all for the weakening dollar, allowing it to retain its place as the international reserve currency — a trophy taken, not without a fight, from the British pound at the READ MORE ›

Will Korean-Style Hedge Funds Flourish?

Despite the global financial crisis, Korea has shown positive economic growth. This growth and stability, however, is just a backdrop to some more interesting developments in its financial services sector.

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