Our view is that investors are not only ignoring data that has changed for the better across the Continent, but that positioning is also leading to more follow through from a 4% move that has already taken place in the Euro off the lows.
As Emerging Markets push near one year highs, we wanted to refresh our core views on markets, outlook and risks.
As we see the US emerge from the winter hibernation (Retail Sales, Industrial Production, Jobless Claims), we are also seeing signs of Emerging Markets recovery on Macro.
I am starting to get a lot of questions from investors regarding the sustainability of this rally in Emerging Markets and what can be the drivers for the next leg(s) higher.
On Tuesday I will do a piece on CNBC Street Signs (2pm) on investing in Mexico as we cover overall investing in the “MINTs” (Mexico, Indonesia Nigeria, Turkey). Mexico is your safest bet.
As we rapidly approach 2014 Emerging Money has your 2014 emerging markets outlook.
Big outflow last week of $-2.2 billion after a week of strong flows $1.9 billion the week before. What I am seeing today and over last few days in ETF land is that investors are allocating to emerging markets away from domestic markets.