Last night, Tim was on CNBC Asia talking about China and reiterating that China is not a macro call as much as you are looking for bottom consumption plays.
Indian equities are at all time highs, and the reverberations around PM Modi’s emphatic victory are widespread for EM.
We have made changes to our Emerging Money Global Index to reflect changes in underlying prices of the components based upon our view of the remaining 2Q investment and allocation dynamics for these multinational companies who count EM as key to their revenue and growth vision.
Brazil Drought? Well, coffee bulls have not reacted as if there is a drought. U.S. coffee prices have continued to move lower for last two sessions, sending prices to a five week low.
Then why even after a 20% move lower today is it still trading like its offering Emerging Markets style growth?