The case for emerging markets as political tensions ease

At the start of 2020, there are grounds for investors to be optimistic.

The global economy is stabilising as US-China trade talks are making progress and political clouds in the UK have cleared. Are you still invested in emerging market equities? However, risks remain. Both the trade dispute and Brexit are far from being fully resolved, economic growth is yet to pick up convincingly and the turn of the year is often accompanied by increased market volatility. We are neutral on equities, overweight cash and negative on bonds at a global level. Drilling deeper into the individual asset classes, we like emerging markets (EM) - both in equities and in f...