Why EM exporters face strong headwinds

EMERGING MARKETS

James Syme, manager of the JOHCM Global Emerging Markets Opportunities fund, explains why export-reliant companies look vulnerable.

“We believe that if love is a chemical reaction, chemistry has a good chance to make the world a better place.” –BASF television advertisement, May 2012 “Chemical company BASF SE said Wednesday it is temporarily closing 80 plants worldwide due to slumping demand and cutting production at 100 more. Some 20,000 workers are affected.” – Associated Press, November 2008 BASF’s television advertisement lauding the societal benefits of chemistry, serves as a reminder to the viewer that it was the firm’s vast capacity shutdown in late 2008 that was one of the great signals as to how bad the r...