Page 8 - Emerging Markets

Withdrawals in global listed funds from Indian markets top $11 bn in cy20

The sharpest pull-out was from India-dedicated funds (both ETF and non-ETF) was at $8 billion, followed by global emerging market (GEM) funds at $2.8 billion

Emerging markets' eurobonds sizzle, on track to better last year's show

High-grade issuers are benefitting from robust investor demand, although improvement in financing conditions is losing momentum

India's valuation relative to EMs still less pricey than before, show data

While the S&P BSE Sensex Index is near the most expensive on record, its premium over the MSCI EM Index is only around 45 per cent

Unilever third qtr sales growth beats expectations led by emerging markets

By Martinne GelleSales in emerging markets rose 5.3 percent from the previous year, while developed markets rose 3.1 percent

Faster profit upgrades put emerging markets ahead of US stocks

Equity analysts have boosted the average profit forecast for companies in the MSCI Emerging Markets Index by 12.1 per cent in dollar terms since a low on June 1

The new orthodoxy

Developed countries may be permanently ending austerity

Top-performing fund avoids investments in emerging markets low on ESG score

The $1.5-billion Candriam SRI Bond Emerging Markets Fund has outperformed almost 90 per cent of peers in the past three years and screens for ESG factors

India pips EM peers in latest market uptick as US stimulus brings hope

2020 underperformance narrows; Experts say going further outperformance could be a challenge

IMF sees less severe global contraction but trouble in emerging markets

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook

Rising dollar: FPI investment set to turn negative in September

Experts say EM market equities, currencies may remain weak unless there is positive news

Kerala to Philippines, remittance boom is turning into a bust for Asia

Overall, remittances to the Asia-Pacific region will drop 12% in the second half of 2020 compared with the same period last year, Fitch Ratings said this month

PE fund Zephyr Peacock eyes 12 investments from $100-mn third fund

The company is also preparing to exit two portfolio companies in the next 6-8 months

OECD sees world economy withstanding coronavirus better than forecast

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

Emerging market central banks deliver 19th month of interest rate cuts

August marked the 19th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013

K-shaped recovery in emerging markets makes rich richer amid Covid-19

The gulf may even get wider if the pandemic leads to deeper recessions in the most disadvantaged countries

Market may be due for both price and time-wise corrections: Jigar Shah

The current rally has an implied assumption that interest rates will remain permanently negative and inflation 'pick up, but this is quite unlikely

India lags peers in heading back to the workplace amid coronavirus

Analysis of Google data shows office visits have declined over the last month

Up in the air: Emerging-market rebound uncertain as Covid-19 runs riot

Economies are shrinking and central banks are getting low on firepower

India's one-year returns turn positive, lag global peers: Morningstar

While the past three-month returns for the Indian markets have been strong, the one-year underperformance is on account of relatively weak GDP growth forecasts, said experts

Covid-19 pandemic to trigger deglobalisation. Can India be the next China?

According to Nomura, unconventional monetary policies will be the new normal, reducing the urgency for fiscal austerity