- Global Investment Views - October 2018
Global Investment Views - October 2018
Tuesday 25 September 2018
Research / Market
Price dislocations lead to a rise in contrarian views
The hot summer in emerging markets (EM) has been a key investor theme in the third quarter of this year. While the ongoing US/China trade tensions continue to weigh on investor sentiment, the sequence of country-specific stories (Turkey, Argentina and South Africa) contributed to the almost indiscriminate repricing of EM assets, starting with plummeting EM currencies. The causes of the collapse seen in the currencies’ values in these countries are different (need to apply for IMF aid for Argentina; balance of payment crisis in Turkey, accelerated by the perceived lack of independence of the central bank; the start of an economic recession in South Africa, with additional concerns regarding the land reform plan).
Global Investment Views - February 2019
CIO views: High conviction ideas from Amundi Global Investment Committee
Cross Asset Investment Strategy - February 2019
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Is Turkey really out of the woods?
After having narrowly escaped a balance of payments crisis last spring, there are questions surrounding the Turkish economy, not to mention the many (geo)political tensions.