Emerging Market Growth: Strong and Solid

| Multi Asset

The macro recovery observed in emerging markets since the end of May has been anything but tepid, with China leading the pack. Our proprietary Growth Nowcaster has been indicating above potential levels of economic activity since July and has currently stabilised at levels unseen since 2011. While China was initially the main engine to this very sharp recovery, thanks largely to its very stringent yet efficient pandemic management, other countries, such as Mexico, Russia, India and Brazil are now showing signs of reacceleration. The rate of improvement in economic data in most of these countries has been solidly anchored in the 60-70% range, and macro sentiment (measured by our high frequency Newscasters) has also been thriving since mid-October, indicating that growth is strong and solid from both data and media perspectives.

 

Emerging Market Growth: Strong and Solid
Source: Bloomberg, Unigestion. Data as at 30 November 2020.


Important Information

The information and data presented in this page may discuss general market activity or industry trends but is not intended to be relied upon as a forecast, research or investment advice. It is not a financial promotion and represents no offer, solicitation or recommendation of any kind, to invest in the strategies or in the investment vehicles it refers to. Some of the investment strategies described or alluded to herein may be construed as high risk and not readily realisable investments, which may experience substantial and sudden losses including total loss of investment.

The investment views, economic and market opinions or analysis expressed in this page present Unigestion’s judgement as at the date of publication without regard to the date on which you may access the information. There is no guarantee that these views and opinions expressed will be correct nor do they purport to be a complete description of the securities, markets and developments referred to in it. All information provided here is subject to change without notice. To the extent that this page contains statements about the future, such statements are forward-looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, market acceptance risks and other risks.

Data and graphical information herein are for information only and may have been derived from third party sources. Although we believe that the information obtained from public and third party sources to be reliable, we have not independently verified it and we therefore cannot guarantee its accuracy or completeness. As a result, no representation or warranty, expressed or implied, is or will be made by Unigestion in this respect and no responsibility or liability is or will be accepted. Unless otherwise stated, source is Unigestion.

Past performance is not a guide to future performance. All investments contain risks, including total loss for the investor.