A recent article in Foreign Policy Magazine asked whether or not the BRICS nations are the future of the global economy. While the article acknowledges that they do in fact “matter” the implication for emerging market investors today is, as always, to properly set future expectations for returns from investments in these other emerging markets in the future.
Emerging markets funds continue a strong 4 week trend after last week’s inflow of $2.55 billion and this week’s $920 million. Additional good news is the unloved out of favor Asian region, continues to quietly receive the love.
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting completely in the red on the first day of the last full week in April. Leading the slide in the Emerging Stock index are YNDX -5.55%, INFY -3.71% and IBN -3.12%. Global markets are sliding on fears of global slowdown in the euro zone and in China both regions PMI numbers are suggesting growth is contracting.
Welcome to the emerging markets 10 a.m. heat map. Global markets are starting off strong going into the weekend. Leading the Emerging Stock index are ABV 1.78%, HXM 1.57%, BBD 1.54%, FXM 1.54% with ERJ -2.52% taking hit on a downgrade from Goldman (GS) taking the stock down to a neutral from a buy along with some negative headlines.