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.

Stay informed on our latest insights with monthly mail updates
Stay informed on our latest insights with monthly mail updates

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.

Subjects related to this article are:


The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).

The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.

Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

By clicking Proceed I confirm that I am a professional investor and that I have read, understood and accept the terms of use for this website.