Ignoring the 'bad apples' of emerging markets

It has been a challenging year for emerging markets (EMs).

Faced with a stronger US dollar, higher US Treasury yields, and still unfolding US-China tariff wars, investors have flooded out of emerging assets. With sentiment shaken, both debt and equities have been punished.  Ahead, there is potential for EMs to stay under pressure, particularly if the White House maintains its protectionist agenda and the Federal Reserve continues to tighten monetary policy. And while the 'bad apples' of the EM universe (ie. Turkey and Argentina) have largely held the spotlight, recent weeks have seen investor nerves (particularly over trade wars) spread to ot...