- In reaction to the COVID-19 outbreak last March, emerging markets (EMs) initially sold off more sharply than developed markets (DMs), but saw a stronger recovery owed to higher commodity prices and robust demand from China.
- Continued performance in EMs is likely to be driven by a weakening dollar, attractive valuations, and long term-growth fueled by consumption and digitalization.
- In equity markets, we see compelling opportunities for growth within Developing Asia, Latin America, and Europe. We additionally recognize the attractiveness of EM debt given low interest rates in developed markets and generally higher yields offered by EMs.
For further details see:
Emerging Markets Set Up For Growth In 2021