EMF News and Press, Templeton Emerging Markets Fund From 01/10/23

Summary As expected, despite an overhang of risk from the pandemic, global banking sectors again avoided major crises in 2022. The combination of higher interest rates, tighter liquidity conditions, and risk aversion against a background of weaker global economic growth will slow credit...

Summary Recession foretold in developed markets (DM), a pause in central bank rate hikes and China’s reopening help shape 2023 and reinforce our tactical views. European equities led DM stocks higher. Surprisingly weak U.S. services data spurred bets for Federal Reserve rate cuts...

Summary Global business activity fell for a fifth consecutive month in December, with the rate of decline moderating slightly amid improved supply conditions but still rounding off the worst quarter since 2009 barring lockdown months. At 48.2 in December, the Global PMI - compiled by S&...

Summary We expect COVID-19 to continue its transition to a global endemic and the status quo to prevail in Russia's war in Ukraine, with no material implications for the global economy. Mild recessions are forecast in the United States and Europe, but resilience in Asia Pacific will pre...

Summary Global equities closed out their worst year since the 2008 financial crisis as central banks launched increasingly aggressive efforts to bring rampant inflation under control. Much of the US’s underperformance versus its peers is an outgrowth of its much larger exposure t...

Summary We expect 2023 to be a year of transition, with gradual fading of price pressures allowing policymakers and market participants to take a more balanced approach to assessing growth and inflation dynamics. The near-term outlook calls for more of the same: high inflation and rate ...

Summary For 40 years, steadily declining inflation and interest rates buoyed equity returns. That changed abruptly last year. Investors must now adjust expectations to a new macroeconomic and market landscape that will require a fresh mindset to reach long-term goals. By...

Summary Templeton Emerging Markets Fund is an EM equity closed-end fund. Chinese equities make up around 27% of the fund, followed by South Korea and Taiwan at 17% and 14%, respectively. The fund focuses on large capitalization stocks. The fund is trading with an -11% discount t...

Summary There were ample causes for this global downdraft in equity markets. Global equity markets look likely to face a global recession in 2023, which appears to have already begun in the final quarter of 2022. Equity markets will face a tough global environment in 2023, particula...

Summary Inflation and central bank policy will likely continue being key focus points for investors. 2023 may not see a repeat of the frantic Federal Reserve activity that characterized 2022, but policy rates almost certainly still have further to rise. While 2023, with its challeng...