Positive structural case for EM won’t collapse under a few Fed hikes
About this episode
David Hauner discusses the resilience of emerging markets amidst Fed rate hikes and other economic factors.
EM resilience tested by Fed, fueled by long-term flows Emerging market equities have more than doubled the S&P 500's return year-to-date, and have held up well despite rising Fed hike expectations and a stronger US dollar. In this episode, David Hauner explains why he remains structurally bullish on EM despite our Economic team’s expectations for three Fed hikes later this year. David discusses how flows over the last decade, interest rate differentials and dollar diversification play into his calculus. He also addresses the impact and risks that come with U.S. Midterm Elections and AI. David Beker joins for commentary on Brazil, where weaker growth expectations, lower oil and a less favorable rate outlook have flipped the script. But he suggests that political clarity could help investors to re-engage. "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member…
More episodes of Global Research Unlocked
- Signals & Noise: Our case for 3 rate hikes this year
- Must Read Research: High Bar for 2Q; Netflix; Heatwaves and Corn; US TSY Softening Demand
- Global Rates & FX Views: Japan’s GPIF, Fed and ECB
- A conversation about business and sport with Gary Neville
- A conversation about business and sport with Gary Neville (video)
- The Consumer’s Summer Spending Surge
Explore listener stats, chart rankings, contacts and more on the Global Research Unlocked podcast page.