EMLB News and Press, Barclays Bank PLC From 01/14/21

The sector composition of the MSCI EM index is reminiscent of the S&P 500: Consumers, communication services and technology sectors feature heavily in both indices. Ultimately, we believe that EM has scope to continue to recover, narrowing the widened gap in valuation relative to ...

During the fourth quarter, our base case for emerging markets (EM) was the following: we saw favorable economics, questionable politics, and an exciting digital disruption theme that swept across emerging markets countries around the world. Emerging markets have traditionally underper...

Investors appear almost universally to be pricing for an early-cycle mix of low interest rates and ongoing support from both monetary and fiscal policy, combined with the release of pent-up demand from consumers and manufacturers. Short-term stumbling blocks are not confined to the on...

We share three key lessons we learned from 2020 – and how they inform our 2021 outlook. The UK and European Union agreed on a trade deal. The U.S. launched a new $900 billion fiscal package amid climbing Covid hospitalizations and deaths. This week’s U.S. nonfarm pay...

With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...

Emerging market growth stocks have had an unprecedented run versus value over the past decade. Growth stocks have been clear beneficiaries of the two big trends in financial markets under COVID-19 - negative real rates and great economic uncertainty. These twin forces have made ex...

Among the most notable economic responses to the COVID-19 pandemic has been the turnaround in capital flows to emerging markets. A sudden reversal in portfolio flows of over $100 billion to these countries in March has been offset by a surge of capital this fall. But many of these...

We have upgraded emerging market debt on a tactical basis as positive vaccine developments bolster the case for an accelerated global restart in 2021. Global stocks hit record highs as the transition of power officially started in the U.S. The rally fizzled on the virus resurgence and...

EM equities have underperformed their developed market peers in the last few years, but things are likely to change in the months ahead. There is a valuation gap between developed market equities and emerging market equities, and more importantly, there are catalysts that will help br...

The pandemic global financial shock has sparked the inclusion of QE as a policy tool also available for central banks of emerging market economies. QE targets are on the yield structures of interest rates. If there are fragilities leading to high basic, short-term interest rates, QE w...