EM Strategy Monthly
Trump will be positive for EMs: worry instead about rising interest rates and the dollar
1 Dec 2016
- Risk – We raise EM equities to positive while maintaining our positive call on the relative performance of EM credit vs US Treasuries.
- India – We downgrade Indian equities owing to Prime Minister Modi’s demonetization scheme.
- Russia – Russia is likely to lead EM equity performance.
- South Africa – The rand is our top pick among EM currencies.