What Has Everybody Been Worried About?
Closer Examination of the Angst Surrounding Emerging Markets
May 4, 2016
Despite recent signs of improvement, investor
sentiment about emerging markets has been fundamentally depressed over the past
year. Relative to their historical positioning, global institutional investors
maintained a significant underweight to emerging market equities in 2015.
Driving the asset class’s underperformance are a
number of key concerns: disappointing economic growth in emerging market countries,
the potential impact of U.S. interest-rate hikes and a stronger U.S. dollar
(USD), fears of a hard landing and currency devaluation in China, and the
collapse of the commodity complex, to name just a few.
While these situations pose real threats to emerging
markets (and to the world), a closer examination of them may help alleviate
some of the angst surrounding the asset class. In this
white paper, Todd M. McClone, CFA, partner, and a portfolio manager
for William Blair’s emerging market strategies, offers his
Read the white paper
Read a short abstract
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