Emerging Market Debt: Investable Amidst Volatility?
The Russia-Ukraine conflict, a spike in commodity prices and rising global inflation have raised fresh questions about the outlook for emerging market (EM) debt. Against this backdrop, it is no surprise that the asset class has been under pressure. But are we at a point of maximum pessimism, where much of the risk is priced in?
China: A ‘Known Unknown’ Risk in Equity Portfolios
The recent cascade of new regulations, impacting a wide range of sectors from fintech to property and private tuition, was widely perceived as a retrograde move by the government. With the economy largely market-driven over the last four decades, these sudden moves have taken equity markets by surprise.