We endorse a look at Chile and outline why the country is one of our top OW markets.
Last night after the bell, Brazil’s Long Term Foreign Currency Rating were downgraded to BBB- from BBB citing fiscal issues and deteriorating policy momentum.
Last night after the bell, Brazil’s Long Term Foreign Currency Rating was downgraded to BBB- from BBB citing fiscal issues and deteriorating policy momentum.
While I’m not surprised to see the weekend press dominated by the impact of sanctions on Russian macro, I have been pretty clear in saying the Russian economy was headed for flat to slightly higher (+0.5%) GDP growth in 2014 unless the world economy demanded much greater from the commodity space.
We know about capital flows, and we know about Emerging Markets current accounts, and we know about political turmoil.
Fed, Data, and Flows Drive this Trade.
See the attached chart and spike on the DXY from the Fed announcement which came in much more hawkish than traders had expected.
Your Ticket to Investing in Emerging Markets Smarter than the MSCI EM Index. The Emerging Money EM Country Allocator Index (EMCAI) is a snapshot of Emerging Markets via a top down country allocation, providing a dynamic, broad-based look at Emerging Markets through country specific ETF’s.