Distressed EM Bonds

Distressed EM Bonds Distressed emerging market corporate bonds are trading at the Lehman/GFC lows. Image: BofA Global Investment Strategy

10-Year Government Real Bond Yield

10-Year Government Real Bond Yield Some emerging markets still have positive 10-year government real bond yields. Image: Alpine Macro

Performance – MSCI EM/S&P 500

Performance – MSCI EM/S&P 500 Why are emerging market equities underperforming the S&P 500 for so long? Image: The Daily Shot

EM vs. DM Valuation

EM vs. DM Valuation Emerging market equities look attractive relative to developed market equities. Image: Goldman Sachs Global Investment Research

The SARS Analog – Virus Outbreaks and Global Markets

The SARS Analog – Virus Outbreaks and Global Markets The chart shows the SARS analog (2002 vs. 2020), highlighting the S&P 500 Index, the MSCI China Index, emerging markets vs. U.S. EPS and the CRB Raw Industrials Index. Image: Fidelity Investments

World Economy – Industry as Share of Total GDP

World Economy – Industry as Share of Total GDP Industry represented 25% of the world’s GDP in 2018, and a larger percentage of GDP in emerging countries than in developed countries. Image: howmuch.net

World Central Bank Gold Holdings

World Central Bank Gold Holdings In the current environment, where uncertainty surrounding emerging market currencies is high, this chart shows the robust EM central bank demand for gold. Image: Deutsche Bank