LDEM - Emerging Markets And International Update: Gradually Lifting Client Allocation To EM And Non-U.S.

• If you’re wondering about the potential direction for the dollar, the downward trend looks like it will resume thanks to the “twin” trade and budget deficits.
• From the June 11, ’21 Bespoke report, Paul Hickey notes the MSCI World Index (ex-US) has seen over 3,500 trading days since its last all-time high.
• Clients' emerging markets allocations have been gradually increasing since the initial 2-3% weight in Q1 ’16, after emerging markets saw a negative 10-year return on the asset class as of the end of Q1 ’16.

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