THD - VNM: Why Vietnam Will Rise From The Emerging Market Ashes
The lethal combination of a viral and financial crisis has no doubt taken a heavy toll on emerging markets, which saw their export-driven economies and currencies decimated by a halted global economy and safe-haven flows into the U.S. dollar respectively. Not to mention certain developing countries have become the next coronavirus hotspots due to lack of transparency and a vulnerable health care system. In terms of stock market performance, using country ETFs as proxies, it has been a deep sea of red across the board:
*annualized. As of 4/13/2020
The bifurcation in the year-to-date performance