PhD, Senior Economist
This paper analyse the prerequisites for a rebound in emerging markets asset classes, and the positive key features of these markets. It also presents the different ways to invest in these countries and the Amundi approach. The emerging markets have been in a slump since 2013 (when investors began to fear the end of the Fed’s QE) until February 2016 (when concerns that China would founder and/or devalue the yuan finally subsided). In the meantime, recession has hit the major emerging economies (especially Russia and Brazil), and the plunge in commodities prices has fuelled the decline in emerging markets and currencies.
Global Head of Research
We believe China’s capital market openness is becoming the new normal. Those investors who underestimate the speed and the scale of the opening up of China’s capital market will either lose out or be poorly positioned during the next stage of the global capital market’s development, due to both the size of the current Chinese equity and bond markets, and the potential improvement in their quality of products, regulations, etc.
Amundi Hong Kong Chief Economist