Summary
- The latest market movements are indicating a broadening of the rally beyond developed markets.
- Better growth prospects and valuations in emerging markets (EM) are supporting this move.
- The case for long term EM investing is boosted by domestic consumption, rising incomes and exports.
Actionable ideas
- Emerging market equities
EM is home to many divergent regions and offers opportunities across Latin America (Brazil) and Asia (India, Indonesia) with attractive earnings prospects.
- India equities
India is a long-term story supported by structural factors, domestic demand, and stable policymaking that should continue to offer opportunities in 2024 and beyond.
Key Dates
6 May Indonesia GDP, |
9 May Bank of England rate, Mexico CPI |
10 May Japan trade, US consumer sentiment |
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