Podcasts about msci emerging markets index

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, January 20, 2025. This is Nelson John, let's get started. At this year's Consumer Electronics Show (CES) in Las Vegas, robotics really stole the show. Imagine robots mowing lawns, cleaning floors, and even mixing drinks—sounds like sci-fi, right? Well, it's becoming a reality. Standouts included 'Adam,' a robotic bartender from Richtech Robotics, and 'Mirumi,' a robot designed for social interactions. There was also 'Looi' by Tangible Future, a personal assistant powered by ChatGPT, and 'Mirokai,' a programmable humanoid that feels almost like talking to another person. These bots range in price from the more affordable 'Mirumi' at $70 to the hefty $60,000 for the home assistant R2D3. What's really exciting is how interactive these robots have become. Thanks to advancements in AI, they're not just functional machines anymore; they can actually interact with you in a way that feels natural. So, are these home robots ready for people to be used? Shouvik Das answers that question in today's Primer.  As Donald Trump prepares to take office as the 47th President of the United States, India's stock market braces for potential volatility. Foreign portfolio investors (FPIs) are notably apprehensive, having net sold ₹44,396 crore worth of shares up to January 16 and significantly increasing their bearish bets on Indian futures. This cautious stance reflects concerns over Trump's unpredictable policies, which could include high tariffs and strict immigration rules, writes Ram Sahgal. Despite these worries, India's position in the global market has shifted, now trailing behind Taiwan in the MSCI Emerging Markets Index due to recent market corrections. Finance Minister, Nirmala Sitharaman, is considering offering more attractive income tax breaks in the upcoming FY26 budget to boost household spending amid economic challenges. Sources told Gireesh Chandra Prasad that the discussions are focused on increasing the standard deduction beyond ₹75,000 and raising the basic tax exemption limit from ₹3 lakh. Also, on reconfiguring the tax brackets up to ₹15 lakh to provide broader relief. These proposed changes aim to stimulate consumption by adjusting the personal income tax structure, particularly targeting those earning between ₹3 and ₹15 lakh. With economic growth expected to slow to 6.4%, these fiscal measures, alongside maintaining elevated capital expenditure, are seen as crucial steps to invigorate the economy. The government is also looking to balance these tax cuts with fiscal responsibility, aiming to keep the deficit within 4.5% of GDP next year.Bharat Heavy Electricals Ltd (BHEL) might just dodge the divestment bullet as the government mulls labelling it as a "strategic" public sector unit. That's a big nod to BHEL's role in key sectors like renewable energy and defence. Rituraj Baruah and Manas Pimpalkhare write that a parliamentary committee has also thrown its weight behind this idea. The committee recommended that BHEL be deemed strategic, which could mean no more talk of selling off government stakes in the company. BHEL's been making moves into electric mobility and renewable power, and it's been paying off with a revival in large thermal power and railway equipment orders. With the government holding a 63.17% stake, BHEL's market value recently stood strong at close to ₹74,500 crore. So, what's next? BHEL's packed order book, which includes everything from Vande Bharat trains to power projects, points to its crucial role in supporting India's strategic industrial ambitions.Coldplay is back in India, hitting stages in Mumbai and Ahmedabad as part of their Music of The Spheres world tour. Despite the high ticket prices, fans across generations are eager to experience their music live, spending big on tickets, travel, and accommodations. Interestingly, Coldplay's fan base isn't just limited to those who grew up listening to them. A lot of their younger fans weren't even born when the band started in 1997 but are just as enthusiastic, drawn by the band's ability to blend their classic hits with modern vibes that resonate across age groups. Soumya Gupta takes a deep dive into the cultural phenomenon that is Coldplay and how a millennial band is charming Gen Z audience. Anil Makhija from BookMyShow notes the band's broad appeal, “Their music captures the hearts of both older audiences and the younger generation, making their concerts a rich, multi-generational gathering.” This pattern isn't just unique to India. Globally, older bands like Coldplay continue to draw crowds with their timeless music, proving that good tunes know no age. With their music finding new fans through social media and their ability to adapt to contemporary sounds, Coldplay manages to keep their legacy alive and kicking, captivating listeners across the spectrum. Whether it's the nostalgia for the older fans or the discovery of new hits for the younger ones, Coldplay's tours are more than just concerts—they're a celebration of enduring music that crosses generational divides. 

 Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, December 4, 2024. This is Nelson John, let's get started.There's been a significant selloff by foreign portfolio investors over the past two months. But what drove this selloff? According to fund managers and securities lawyers Ram Sahgal spoke to, it wasn't just due to shaky corporate earnings or rising US bond yields. It was triggered by a new rule that Sebi introduced in August 2023 and tightened by March 2024. The rule mandates detailed ownership disclosures from FPIs with substantial Indian holdings. Rather than comply, many FPIs chose to exit, leading to increased selloffs, especially around the MSCI Emerging Markets Index rebalancing in November. IIT campus placements are getting a twist this year! Companies aren't just asking the usual tech questions – they're really shaking things up with some wildcard queries. Imagine being asked to design an airport right in the heart of Bangalore or explain the strategy behind cricket team formations. It's not just about checking if students can code or crunch numbers—it's about seeing how they handle curveballs. Sowmya Ramasubramaniam, Pratishtha Bagai and Devina Sengupta spoke to recruiters who said that these offbeat questions are key to gauging a candidate's creativity and adaptability. This new interview style is aimed at finding candidates who aren't just smart but also quick on their feet and ready to jump into the fray with fresh ideas. Indian farmers may have a tough rabi season ahead, thanks to China. Dhirendra Kumar writes that China's restrictions on key fertiliser exports to India have reduced the availability of a crucial nutrient for crops. – di-ammonium phosphate, or DAP. Domestic DAP production dropped by 7.3% in April-October, while imports fell by 29.8% over the same period. Dhirendra writes that the government has told farmers there is no shortage of fertilisers, but fertiliser companies say otherwise. 20% of India's DAP needs are imported from China, leading to this problem. Blackstone used to buy real estate projects and turn them around. That strategy made it the largest owner of office space in India in quick time. After entering India in 2007, inorganic growth was the mantra for the New York-based company, but it's now moving to greenfield projects, Madhurima Nandy writes. It recently ventured into logistics by building a 52-acre park in Chakan, Maharashtra. Blackstone hopes to capitalise on the growing demand for modern warehouses that is driven by the e-commerce boom. Despite broader economic numbers painting India in a poor light, investors such as Blackstone like India's chances, and are willing to spend like they mean it. Pat Gelsinger's unexpected departure from Intel just might leave the chip giant scrambling to find solid ground in a market that's evolving rapidly thanks to advances in AI, and competitors such as Nvidia and AMD are already way ahead. Once a global powerhouse, Intel is now fighting to reclaim its past glory. So, why did Gelsinger leave? Leslie D'Monte answers that question in today's Primer. Initially hailed as Intel's rescuer when he took over in 2021, Gelsinger left after Intel posted a hefty $16.6 billion quarterly loss, the largest in its history, which apparently shook the board's confidence in his leadership. 

Leading European asset manager, Amundi has added two new low-cost index funds. These funds mirror the MSCI Emerging Markets Index and the Bloomberg Global Aggregate Index, and are listed under the CPF Investment Scheme.  This means investors here in Singapore will be able to tap into their CPF savings to gain a passive and cost effective exposure to major indices. On Wealth Tracker, Hongbin Jeong speaks to Sunny Leung, Head of ETF, Indexing and Smart Beta Sales for Asia (Ex Japan) at Amundi to find out what kind of opportunities this will create for Singaporean investors. See omnystudio.com/listener for privacy information.

In this episode of Enrich Your Future, Andrew and Larry Swedroe discuss Larry's new book, Enrich Your Future: The Keys to Successful Investing. In this series, they discuss Chapter 17: There is Only One Way to See Things Rightly.LEARNING: Consider the overall impact of investments rather than focusing on individual metrics. "There is only one right way to build a portfolio—by recognizing that the risk and return of any asset class by itself should be irrelevant."Larry Swedroe In this episode of Enrich Your Future, Andrew and Larry Swedroe discuss Larry's new book, Enrich Your Future: The Keys to Successful Investing. The book is a collection of stories that Larry has developed over 30 years as the head of financial and economic research at Buckingham Wealth Partners to help investors. You can learn more about Larry's Worst Investment Ever story on Ep645: Beware of Idiosyncratic Risks.Larry deeply understands the world of academic research and investing, especially risk. Today, Andrew and Larry discuss Chapter 17: There is Only One Way to See Things Rightly.Chapter 17: There is Only One Way to See Things RightlyIn this chapter, Larry enlightens us on the benefits of considering the overall impact of investments rather than focusing on individual metrics. This holistic approach empowers investors and advisors to make more informed decisions.Don't view an asset class's returns and risk in isolationA common mistake that investors and even professional advisors often make is viewing an asset class's returns and risk in isolation. Larry emphasizes this point by giving the example of Vanguard's popular index funds, the largest index funds in their respective categories, to make us all more cautious and aware of the potential pitfalls of this approach.From 1998 through 2022, the Vanguard 500 Index Fund (VFINX) returned 7.53% per annum, outperforming Vanguard's Emerging Markets Index Fund (VEIEX), which returned 6.14% per annum. VFINX also experienced lower volatility of 15.7% versus 22.6% for VEIEX. The result was that VFINX produced a much higher Sharpe ratio (risk-adjusted return measure) of 0.43 versus 0.30 for VEIEX.Why more volatile emerging markets have a higher returnAccording to Larry, despite including an allocation to the lower returning and more volatile VEIEX, a portfolio of 90% VFINX/10% VEIEX, rebalanced annually, would have outperformed, returning 7.59%. And it did so while also producing the same Sharpe ratio of 0.43. Perhaps surprisingly, a 20% allocation to VEIEX would have done even better, returning 7.61% with a 0.43 Sharpe ratio.Even a 30% allocation to VEIEX would have returned 7.59%, higher than the 7.53% return of VFINX (though the Sharpe ratio would have fallen slightly to 0.42 from 0.43). The portfolios that included an allocation to the lower-returning and more volatile emerging markets benefited from the imperfect correlation of returns (0.77) between the S&P 500 Index and the MSCI Emerging Markets Index.The right way to build a portfolioLarry says there is only one right way to build a portfolio—by recognizing that the risk and return of any asset class by itself should be irrelevant. The only thing that should matter is considering how adding an asset class impacts the risk and return of the entire...

Als je in een groepje beleggers vertelt dat je in emerging markets investeert, dan ben je toch wel een beetje de sukkel. Wie belegt nou nog in opkomende markten? De koersen daalden er afgelopen jaar met iets meer dan 3% en bleven daarmee ver achter bij de rest van de wereld. En dit jaar, hoe jong het ook nog is, werd alweer een flink deel ingeleverd. De belangrijkste koersverkruimelaar is de daling van Chinese aandelen. Een paar jaar geleden was dat land nog goed voor bijna 40% van de totale MSCI Emerging Markets Index. De koersen gingen er zo enorm hard omlaag dat de weging nu nog maar 23% is. Concurrent India zit China op de hielen met een weging van 17%. Taiwan volgt met 16%, Zuid-Korea met 13% en Brazilië met 6%. Die landen deden het allemaal prima, het was China dat de boel naar beneden trok. Vanwege die slechte performance gooien veel beleggers de handdoek in de ring. We zien de laatste tijd een enorme uitstroom uit emerging markets-beleggingsfondsen. Een jaar geleden werd daar nog juist veel geld ingestopt, omdat Chinese aandelen sterk zouden gaan profiteren van de heropening van de economie na de strenge coronalockdowns. Dat leert eens te meer dat de gemiddelde belegger graag aandelen koopt die gestegen zijn en verkoopt als de koersen gedaald zijn. Laat ik een tip geven; als je rijk wilt worden met beleggen moet je juist laag kopen en hoog verkopen. Niet andersom. Waarom doen die Chinese aandelen het dan zo slecht? Als eerste dus omdat het economisch herstel in de periode na corona er niet kwam. Maar ook de steeds toenemende spanningen tussen de Verenigde Staten en China vormen een oorzaak voor de dramatische underperformance. Het heeft veel Amerikaanse beleggers wat schuw gemaakt voor Chinese aandelen. Wat als de spanningen echt uit de hand lopen, wil je dan als Amerikaan nog wel in Chinese aandelen beleggen? Wordt dat niet als een soort landverraad gezien? Zeker als Donald Trump straks weer president is. Dan komen die gevluchte Amerikaanse beleggers waarschijnlijk helemaal niet meer terug. Ik weet dat het misschien een beetje overdreven klinkt, maar ja, alles is overdreven in de politiek vandaag de dag. Daarom is de stembusgang in Taiwan van komend weekend zo belangrijk. Het voornaamste punt in die verkiezingen is de relatie met China. Sommige kandidaten willen meer afstand, andere willen juist meer toenadering, om een oorlog te voorkomen. Je weet niet hoe China gaat reageren op de verkiezingsuitslagen. Genoeg risico in de emerging markets dus. Een schrale troost is dat China beurstechnisch steeds meer een lichtgewicht wordt. Je zou soms hopen dat dat geopolitiek gezien ook zo was. Over de column van Corné van Zeijl Corné van Zeijl is analist en strateeg bij Cardano en belegt ook privé. Reageer via c.zeijl@cardano.com. Deze column kun je ook iedere donderdag lezen in het FD.See omnystudio.com/listener for privacy information.

In a world filled with financial uncertainties and rapidly changing economic landscapes, one thing remains clear. Emerging markets are becoming increasingly pivotal in shaping the global investment landscape. Jeff Spiegel, U.S. Head of Megatrend International and Sector ETFs at BlackRock joins host Oscar Pulido to delve into specific global trends that are paving the way for emerging markets, including the intriguing concepts of supply chain rewiring, and demographic population shifts.Sources: BlackRock Investment Institute, “Capital Market Assumptions,” 08/2023; The Economist, “Global firms are eyeing Asian alternatives to Chinese manufacturing,” 02/20/2023;McKinsey & Company. Lithium Mining: How New Production Technologies Could Fuel the Global EV Revolution, 4/12/22;International Energy Agency. “The role of critical minerals in clean energy transitions”, May 2021; World Economic Forum, “This chart shows the growth of India's economy,” 09/26/2022; The Economic Times, “India likely to become third biggest economy behind US and China by FY28,” 10/16/2022; The Economic Times, “India's economy likely to grow 7% in FY23: First advance estimates,” 01/07/2023; Reuters, “India to review production incentive scheme this month-end,” 06/13/2023; Morningstar, MSCI. China constitutes 30% of the MSCI Emerging Markets Index as of 9/30/2023. BlackRock, as of 9/30/2023; Morningstar. The iShares MSCI Emerging Markets ex-China ETF has a YTD total return of 6% as of 09/30/2023. The iShares Core MSCI Emerging Markets ETF has a YTD total return of 3% as of 09/30/2023; Morningstar. The iShares MSCI India ETF has a YTD total return of 7% as of 09/30/2023. The iShares MSCI South Korea ETF has a YTD total return of 4% as of 09/30/2023; BlackRock, as of 9/30/2023.This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener.In the UK and Non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets.For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

While recent news of a potential debt deflation loop in China's equity market is causing concern for investors, Japan's equity market resilience may bring optimism.----- Transcript -----Welcome to Thoughts on the Market. I'm Daniel Blake from Morgan Stanley's Asia and Emerging Markets Equity Strategy team. Along with my colleagues, bringing you a variety of perspectives, today I'll discuss the Japanese equity market vis-a-vis China. It's Thursday, August 31st at 9 a.m. in Singapore. We recently did a three part series on this show focusing on our economic and market outlook for Japan. We discussed a bullish view on Japan equities, which is driven by three powerful drivers of outperformance coming together, namely macro, micro and the transition to a multipolar world. Recently, however, there's been investor concern about the potential impact on Japan from a Chinese debt-deflation loop, that is a scenario where prices fall, debt rises and economic growth stagnates, and this is the risk that I will discuss today. As a reminder, our economists came into 2023 flagging Japan as a standout developed market for growth momentum. In contrast to a U.S and European slowdown, as Japan continues to benefit from COVID reopening, ongoing stimulatory policy and a competitive currency. Since then, we have seen upside surprises, such as in wages and capital investments amid what we see as confirmation of a move into a structurally higher nominal GDP growth path. Indeed, Japan's recent second quarter GDP figures confirmed that trend, with a surge in real and nominal GDP to 6% and 12% annualized respectively. Following this result, our economists have doubled their 2023 GDP forecast to 2.2%, and this stands in contrast to China's GDP growth trend, where our economists have been reducing forecasts and will see nominal GDP growth slow below that of Japan to 4.8% over the last year. So the key exception to a generally bullish picture for Japan has been its linkages to China. While this may appear to be a legitimate investor concern for the market as a whole, it's important to note that Japanese revenues are driven much more by the U.S and Europe, which together make up a quarter of total sales. Instead, China makes up just 5% less than many assume, and far lower than that of Singapore, Taiwan, Australia or South Korea. However, there are some pockets of China exposure that we note, including in semis and semi-cap equipment, electronic components and factory automation. Another reason for our optimism about Japan's equity market resilience amid the slowdown in China is that China exposed Stocks in Japan have almost fully unwound the outperformance seen during the early COVID zero and post-COVID reopening phases. In contrast, Asia-Pacific ex-Japan companies with high exposures to China, many of them in the technology or resources sector, stand close to their relative highs. So while we do see from here less upside to the aggregate MSCI Emerging Markets Index and the Tokyo Stock Price Index, known as TOPIX, after the post October rally, we do see good reason for Japanese equities to continue to outperform. Valuations on a 12 month forward basis are in line or slightly below their ten year historical averages, and we expect 10% earnings growth in 2023 and 2024 as that nominal GDP growth recovery and corporate reform rolls through the market. The key downside risk will, of course, be not just the Chinese debt deflation loop, but adding on top a US recession, which ironically would be similar to what happened in the 1990s, when in Japan, imbalances, excess leverage and insufficient policy stimulus tipped the economy into structural deflation and stagnation. So while that risk is more relevant for China and Japan is in a completely different situation now, we are closely monitoring the risks of this bear case scenario and what that would mean for parts of the Asia and emerging markets universe. So thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

With the rupee appreciating, manufacturing and services in a consistent rally and demographic trends on an upswing, India may be better poised for a long-term boom than other markets in Asia.----- Transcript -----Welcome to Thoughts on the Market. I'm Jonathan Garner, Chief Asia and Emerging Market Equity Strategist at Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, today I'll be talking about why India is now our preferred market in Asian equities. It's Tuesday, August 15th at 8am in Singapore. Before we dive into the details of some important changes in view that we've recently published, let's take a step back and set the scene for today's changes in a broader thematic context. Firstly, a reminder that we think we began a new bull market in Asia and EM last October. And from the trough in late October, the MSCI Emerging Markets Index is up around 25%. So the changes we're making are about identifying leadership at the market level as we transition towards a midcycle environment. Secondly, we continue to prefer Japan within our coverage, which remains Morgan Stanley's top pick in global equities but is a developed market. In terms of the changes that we've made on the downgrades side, for Taiwan, it has led the way off the bottom, rising almost 40% since last October. It's a market dominated by technology and export earnings, where the structural trend in return on equity has been positive in recent years as those firms have succeeded globally. Our upgrade last October was a simple cyclical story of distressed valuations at a time of depressed sentiment about underlying demand trends in semiconductors. The situation is very different today. Valuations are back to mid-cycle levels, and while demand remains weak in key areas such as smartphones and conventional cloud, a path to recovery is becoming more evident. Moreover, as has been the case in many prior cycles, a new end use category AI service is generating significant excitement. Our China downgrade, which is linked to our Australia downgrade via the Australian mining stocks, has a different structural set up. The China market, unlike Taiwan, is overwhelmingly dominated by domestic demand stocks and its domestic demand which has failed to recover convincingly in the post-COVID environment. Indeed, the current investor debate is centered on whether China's demographic transition, high domestic debt to GDP ratio and over-investment in property and infrastructure are starting to generate a balance sheet recession. Core inflation is stuck close to zero, with evidence of high unemployment in the young population and weak wages, with households and private firms no longer willing to lever up. Now, recent statements from the Politburo have begun to acknowledge the need to reverse some of the measures that have pressured the property market. But there is no easy way out of the intertwined property and local government financing debt burdens that have built up in the years when the growth model did not transition fast enough. And at the same time, China faces the new challenge of coping with multi-polar world pressures from the US in particular, which is generating new restrictions on inward technology transfers. All that said, we do not rule out moving back to a more positive stance on China, should policy implementation be more aggressive than hitherto. For India, the situation is in stark contrast to that in China, as was borne out to me by a recent visit in June to the Morgan Stanley annual Investment Summit in Mumbai. With GDP per capita, only $2,500 versus $13,000 for China and positive demographic trends, India is arguably at the start of a long wave boom at the same time as China may be ending one. Manufacturing and services PMIs have rallied consistently since the end of COVID restrictions, in contrast to the rapid fade seen in China. Also, real estate transaction volumes in construction have broken out to the upside. Moreover, India's ability to leverage multi-polar world dynamics is a significant advantage. Simply put, India's future looks to a significant extent like China's past, and in this context, it's particularly relevant to note long run trends in exchange rates now show the Indian rupee more stable and actually appreciating whilst the renminbi is depreciating. So considering Indian equities and Chinese equities as a pair in dollar terms, we appear to be at the beginning of a new era of Indian outperformance compared to China. From early 2021, India has broken out dramatically to the upside in performance. And whilst reversion to the mean is often a powerful force in finance, we think this represents a structural break in India's favor. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and recommend Thoughts on the Market to a friend or colleague today.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

In late September, we called for a low in the MSCI Emerging Markets Index. Then came China's "covid riots" and more "bad news," but that didn't shake our bullish stance. Watch as our Asian-Pacific analyst Mark Galasiewski explain more in this new video.

Vekstmarkeder har gitt svakere avkastning enn verdensindeksen på 1, 3, 5 og 10 års sikt. I foregående tiårsperiode ga imidlertid vekstmarkeder meravkastning. Kan vi forvente at mindreavkastningen fortsetter, eller vil vi kunne se et comeback for emerging markets?Se historisk avkastning, risiko og sammensetning til MSCI Emerging Markets Index her.Agenda:00:46 - Vil vi se et comback for EM?26:46 - Argumenter for og mot investeringer i EMDenne podcasten skal anses som markedsføringsmateriell, og innholdet må ikke oppfattes som en investeringsanbefaling. Podcasten er kun ment til informasjonsformål og generell spareveiledning. Nordnet tar ikke ansvar for eventuelle tap som måtte oppstå ved bruk av informasjonen i denne podcasten. Les mer på Nordnet.no Hosted on Acast. See acast.com/privacy for more information.

Gut 20 Jahre ist es her, dass Goldman Sachs die Schwellenländer Brasilien, Russland, Indien und China unter dem Kürzel BRIC gebündelt hat. Nun präsentieren Tobias Kramer und Christian W. Röhl eine andere Alternative für alle, denen der MSCI Emerging Markets Index mit 25% Südkorea- und Taiwan-Anteil zu „etabliert“ oder aus anderen Gründen unsympathisch ist: CHILI Warum China, Indien, Lateinamerika und Indonesien eine scharfe Investment-Story ergeben, welche ETFs als Portfolio-Bausteine infrage kommen und wie ein Rebalancing-Mechanismus für die vier Länder aussehen kann – jetzt im Podcast! © adorum publishing GmbH 2022

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Previously, when the index touched this specific price level, it sparked a new bull market. Watch our Global Market Perspective contributor Mark Galasiewski show you the trend channel emerging markets have been following.

Asia and EM equities are on the verge of the longest bear market in their history, so what is the likelihood that a sharp fall in prices follows soon after?----- Transcript -----Welcome to Thoughts on the Market. I'm Jonathan Garner, Chief Asia and Emerging Market Equity Strategist at Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, today I'll be discussing the ongoing bear market in Asia and Emerging Market equities. It's Thursday, September the 29th at 8 a.m. in Singapore. We have repeatedly emphasized that patience may be rewarded during what will likely, by the end of this month, become the longest bear market in the history of Asia and Emerging Market equities. Indeed, we argued that the August Jackson Hole speech by Fed Chair Powell, and the mid-September upside surprise in U.S. CPI inflation likely accelerated a downward move towards our bear case targets near term. And in recent weeks, the MSCI Emerging Markets Index has indeed given back almost all of the gains it had recorded from the COVID recession lows. To our mind, this raises the likelihood that a classic capitulation trough, a sudden sharp fall in prices and high trading volumes, could be forming in a matter of weeks. Now, all cycles are not made alike, and this one is unusual in a number of key regards. Most notably, the dislocations in the supply side of the global economy caused by COVID and geopolitics. Moreover, China is not easing policy to the same extent as helped generate troughs in late 2008 and early 2016. Thus, caution is warranted in drawing too firm a set of conclusions from relationships that have held in the past. That said, by the end of this month, the current bear market will likely become the longest in the history of the asset class, overtaking in days duration that triggered by the dot com bust in the early 2000's. And after a more than 35% drawdown, the MSCI Emerging Markets Index is now trading close to prior trough valuations at only 10x price to consensus forward earnings. Our experience covering all previous bear markets back to 1997/1998 suggests to us ten sets of indicators to monitor. We've recently undertaken an exercise to score each indicator from 1, which equates to a trough indicator not enforced at all to 5, which indicates a compelling trough indicator already in place. Currently, the sum of the scores across the factors is 32 out of a maximum of 50, which we view as suggesting that a trough is approaching but not yet fully conclusive at this stage. In our view, the U.S. dollar, which continues to rise, including after the most recent FOMC meeting, gives the least sign of an impending trough in EM equities. Whilst the underperformance of the Korean equity market and the semiconductor sector, the recent sharp fall in oil price and the fall in the oil price relative to the gold price give the strongest signs. In this regard, we would note that within our coverage we recently downgraded the energy sector to neutral, upgrading defensive sectors, including telecoms and utilities. We intend to update the evolution of these indicators as appropriate as we attempt to help clients move through the trough of this unusually long Asia and Emerging Markets equity bear market. Thanks for listening. If you enjoyed the show, please leave us a review on Apple Podcasts and recommend Thoughts on the Market to a friend or colleague today.

Forecasts for China and other Emerging Markets have continued on a downtrend, extending last year's underperformance, meaning investors might want to look into regions with a more favorable outlook.Important note regarding economic sanctions. This research references country/ies which are generally the subject of selective sanctions programs administered or enforced by the U.S. Department of the Treasury's Office of Foreign Assets Control (“OFAC”), the European Union and/or by other countries and multi-national bodies. Users of this report are solely responsible for ensuring that their investment activities in relation to any sanctioned country/ies are carried out in compliance with applicable sanctions.-----Transcript-----Welcome to Thoughts on the Market. I'm Jonathan Garner, Chief Asia and Emerging Markets Equity Strategist for Morgan Stanley Research. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the key reasons why we recently reiterated our cautious stance on overall emerging market equities and also China equities. It's Friday, April 22nd at 8:00 p.m. in Hong Kong. Now, emerging market equities are underperforming again this year, and that's extending last year's underperformance versus developed market equities. And so indeed are China equities, the largest component of the Emerging Market Equities Index. This is confounding some of the optimism felt by some late last year that a China easing cycle could play its normal role in delivering a trend reversal. We have retained our cautious stance for a number of reasons. Firstly, the more aggressive stance from the US Federal Reserve, signaling a rapid move higher in US rates, is leading to a stronger US dollar. This drives up the cost of capital in emerging markets and has a directly negative impact on earnings for the Emerging Markets Index, where around 80% of companies by market capitalization derive their earnings domestically. Secondly, China's own easing cycle is more gradual than prior cycles, and last week's decision not to cut interest rates underscores this point. This decision is driven by the Chinese authorities desire not to start another leverage driven property cycle. Meanwhile, China remains firmly committed to tackling COVID outbreaks through a lockdown strategy, which is also weakening the growth outlook. Our economists have cut the GDP growth forecast for China several times this year as a result. Beyond these two factors, there are also other issues at play undermining the case for emerging market equities. Most notably, the strong recovery in services spending in the advanced economies in recent quarters is leading to a weaker environment for earnings growth in some of the other major emerging market index constituents, such as Korea and Taiwan. They have benefited from the surge in work from home spending on goods during the earlier phases of the pandemic. Meanwhile, the geopolitical risks of investing in emerging markets more generally have been highlighted by the Russia Ukraine conflict and Russia's removal from the MSCI Emerging Markets Index. So what do we prefer? We continue to like commodity producers such as Australia and Brazil, which are benefiting from high agricultural, energy and metals prices. We also favor Japan, which, unlike emerging markets, has more than half of the index deriving its earnings overseas and therefore benefits from a weaker yen. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.