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Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future. We use cookies to ensure that we give you the best experience on our website. This includes cookies from third parties. Such third party cookies may track your use of our website. By continuing you are confirming that you are happy to receive all cookies on our website. Please refer to our Cookie Policy for further information, including steps to take to disable cookies.

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Emerging Perspectives

Emerging Market Debt Indicator

12 July 2019

The EMD Indicator provides an overview of our positioning in a selection of countries, currencies and sectors. The June edition is now available here.

Focus topic

Environmental risk and the role of sovereign debt investors.

Positioning highlights

  • Weaker export and manufacturing data continues to support our underweight currency positions in the more open economies of Taiwan and Malaysia. And we recently initiated an underweight position in the Korean won.
  • In Chile we have shifted to an overweight position now that the currency is offering value and it has moved to the top of our trading range.
  • We continue to be overweight Russia. The central bank reduced rates and indicated that cuts could continue. We like the long-term fundamental outlook for this economy, especially inflation.

Emerging market: These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems.

Investments carry a risk of capital loss.

Read more

economy, especially inflation.

Additional Information:

Past performance is not a reliable indicator of future results and all investments carry the risk of capital loss.

This content is for informational purposes only and should not be construed as an offer, or solicitation of an offer, to buy or sell securities. All of the views expressed about the markets, securities or companies reflect the personal views of the individual fund manager (or team) named. While opinions stated are honestly held, they are not guarantees and should not be relied on. Investec Asset Management in the normal course of its activities as an international investment manager may already hold or intend to purchase or sell the stocks mentioned on behalf of its clients. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This content may contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Actual outcomes may differ materially from those stated herein.

All rights reserved. Issued by Investec Asset Management, issued June 2019.

The content of this page is intended for investment professionals only and should not be relied upon by anyone else

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