MSF News and Press, Morgan Stanley Emerging Markets Fund Inc. From 07/19/21

Surging economies bolstered government revenues, fundamentals, and creditworthiness. A decade ago, emerging equity indices reflected industries typically associated with less developed economies - heavily reliant on natural resources. Growing scrutiny of environmental, social, and...

The world economy has performed about as well as could be expected, if one takes as given the pandemic and the inadequate public health response. Global growth in 2020 was negative 3.3 per cent, which is very low historically. But the economic outlook is stronger now than one would ha...

Global PMI signalled regional divergence deepening. Delta variant driven divergence aggravates as price pressures ease. Divergence in growth performance carries key risks, including for emerging market assets. For further details see: Delta Variant Spread Poses Key Risks...

Global stocks are all over the place as some indexes fall into correction as others continue to extend higher into record territory. Asian stocks should have a strong open following the PBOC’s RRR cut. This is quite the pivot by the central bank and it should support the notion...

Investors in EM stocks are facing challenges with countries like India and Brazil still struggling to contain COVID-19. As the earnings outlook improves, we believe that three powerful long-term trends, driven by innovation, are creating growth opportunities that will persist through ...

Big upside inflation surprises in Turkey and parts of LATAM co-exist with moderating inflation in EM Asia. China’s economic surprises keep decoupling from the rest of EM. From the market’s perspective, a key question is whether EM’s big inflation divide will reinf...

The global economy expanded at a solid rate again in June, according to the JPMorgan Global PMI™ (compiled by IHS Markit). The latest global expansion was again led by the service sector, which outperformed manufacturing for a third successive month despite the rate of increase...

Risk-adjusted performance for the Global Market Index (GMI) continued to push higher in June, based on the annualized Sharpe ratio for a rolling ten-year window via monthly data. GMI’s 10-year SR increased to 0.84, the highest in 18 months. GMI is an unmanaged, market-value...

As the world convalesced from the pandemic, stocks advanced in the second quarter and earnings rebounded across sectors. With business gains broadening amid complex market risks, we think investors should lean on quality to find stocks that will perform well in a normalizing world eco...

Although global manufacturing output growth ran at one of the fastest rates seen for over a decade in June, capacity constraints continued to develop, reflecting a lack of labour and a record worsening of supplier delivery times. The shortfall of payroll numbers to new orders was espe...