EM: Positioning for a re-opening rebound. EM governments are gradually moving to ease Covid restrictions. Some EM are well placed to benefit from a re-opening rebound. shorturl.at/lzAXZ #EmergingMarkets #macroeconomics #investing

Ukraine: EM winners and losers. Contagion via commodities and the dollar amid rising inflation. EM commodity exporters will be net beneficiaries. shorturl.at/oAIO3 #EmergingMarkets #investing #Ukraine

EM: Asset Allocation view. The drivers of a more constructive EM view are no longer in place. Ukraine spill over will hit EM consumers and exports. Brazil, Indonesia and South Africa likely net beneficiaries. shorturl.at/xyNSV #EmergingMarkets #investing #macroeconomics

EM recovery runs into global slowdown. Weaker demand in China is a material threat to EM exports. Commodity and supply chain risks will drive divergence among EM. shorturl.at/kHUX2 #EmergingMarkets #investing #Macroeconomics

EM face China and global threat. Risk from growth downturn in Europe and China. Inflation will hinder the consumer recovery, while commodity exports and monetary policy will determine EM winners . shorturl.at/gsPW7 #EmergingMarkets #investing

EM Asset Allocation. EM policy rate catch-up is not yet priced in. EM face global slowdown, strong USD, weak CNY. Commodity, monetary policy fault lines remain. shorturl.at/giEJ9 #EmergingMarkets #investing #Macro

EM resilience heatmap. China’s slowing trade warning for EM ex-China. EM divided on lines of China/trade/Fed/inflation. We present our EM resilience heatmap. shorturl.at/cpTUV #EmergingMarkets #Investing #Macro

EM asset allocation view. EM will face further pressure from global conditions, as high interest rates are starting to turn the tide on inflation. The more resilient EM offer limited safety. shorturl.at/ciluX #EmergingMarkets #Assetmanagement

China set to lose global mandate and pandemic premium. Sector valuations more realistic but too soon to buy. Drivers of structural slowdown are well known, but the Party Congress has crystallised a new risk landscape. shorturl.at/AFXY8 #EmergingMarkets #China #investing

EM: Finding the governance best in class. Developments in China could raise investor focus on governance. We assess EM governance on lines of corruption, regulation, and politics. shorturl.at/tyCY1 #EmergingMarkets #ESG #Governance

EM Asset Allocation. US inflation is peaking but financial conditions still too easy. China outlook boosted by property rescue and zero Covid easing. We tactically upgrade our EM risk view. shorturl.at/puFU2 #EmergingMarkets #AssetAllocation #Macro

EM Asset Allocation. China’s reopening and receding fears of a deep US recession drive markets, while global inflation is easing but some EM struggle to slow rising prices. #EmergingMarkets #investing #AssetAllocation shorturl.at/loxBC

EM Asset Allocation. The external drivers of our favourable EM view have faltered. Transmission to EM via US equity decline and weak global risk appetite shorturl.at/eowT2 #EmergingMarkets #Macro #investing

The future of reglobalisation. US-China decoupling fuels reglobalisation. Mexico, Vietnam and Taiwan are winners now, India and Indonesia in future. shorturl.at/knILS #EmergingMarkets #macroeconomics #investing

EM Asset Allocation. China slowdown will deepen. Tech momentum will start to slow. Growth/inflation dynamics, exposure to US recession and reform will drive EM. We rotate equities from China to India and Brazil. See our Chart Story shorturl.at/pwQR7 #EmergingMarkets

EM Asset Allocation. China slowdown will likely deepen further in the coming months. EM central banks cautious amid diverging growth expectations Chart Story: tinyurl.com/yw33y9wr #EmergingMarkets #MacroStrategy #Investing

EM: US-China decoupling challenge set to intensify. China will find it increasingly difficult to grow exports as redirection reaches a limit, while decoupling will weigh on EM ex-China. Chart Story: shorturl.at/eHPR8 #EmergingMarkets #China #exports #trade

EM asset allocation: Politics and external risks curb LatAm. US equity momentum is starting to fade and China’s equities have stabilised. EM Asia remains well supported while politics and external risks curb LatAm shorturl.at/bsuCJ #EmergingMarkets #investing

EU productivity “doom & gloom” excite pundits. ECB supply pessimists worry about structural deterioration. But what if recent soggy productivity is telling us more about EU cyclical demand stagnation than anything else? What if overly tight policy is the main drag now? 1/

EM Asset Allocation. After EM election surprises, new policy uncertainty cannot be ruled out and moderate dollar upside remains a risk as expanding US demand and incremental China recovery will drive EM. shorturl.at/yeA9L #EmergingMarkets #MacroStrategy