Blokland’s daily sketch

Blokland’s daily sketch


Are EMs picking up momentum?

  • Jeroen Blokland
    Portfolio Manager

Emerging market equities have performed relatively well in recent weeks, while market volatility has increased significantly. A sell-off in US technology stocks, negative GDP growth in Germany and Japan and the seemingly endless Brexit saga, have all contributed to the recent pressure on developed market equities. So is momentum picking up in EMs? While we have become more constructive on emerging markets it could still be a bit too soon to call the bottom. Differences in monetary policy between the US and the rest of the world mean upward pressure on the US dollar will continue for now, which means tighter liquidity for emerging markets. On top of that, any escalation of the China-US trade war is likely to hit emerging countries harder. However taking the GDP growth and valuation into account, things certainly look brighter now than 12 months ago.

Ontdek de nieuwste inzichten
Ontdek de nieuwste inzichten

As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named one of the ‘50 Twitter accounts for investors 2017’ by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.

Gerelateerd aan dit artikel:


De informatie op deze website is uitsluitend bedoeld voor professionele partijen. Een professioneel belegger is: een belegger die beroepsmatig over voldoende kennis, deskundigheid en ervaring beschikt om de financiële risico’s van de zelf genomen beleggingsbeslissing(en) adequaat in te schatten.

Bezoekers van deze website dienen zich ervan bewust te zijn dat zij zelf verantwoordelijk zijn voor naleving van alle in hun eigen land geldende wetten en voorschriften.

Door op Akkoord te klikken, bevestigt u dat u een professionele belegger bent. Indien u op Niet akkoord klikt, wordt u doorverwezen naar de omgeving voor particulieren.

Niet akkoord