Emerging Markets – post pandemic

Markets are excited, and expectant, for the global economic recovery later this year. As noted here many times, this brings changes in the prevailing investment parameters – the much-discussed cyclical rotation. Typically, emerging markets (EMs) do well in this environment: strong growth fuels demand for their products and the commodities they export, while financial conditions…

Arch egos bring down another firm

Springtime appears to be showering us with financial scandals. Just two weeks ago, we wrote about the collapse of supply-chain financer Greensill, the potential fallout, and what it could do to the reputation of the high-profile investors involved. This week, the financial press stumbled on an even bigger calamity, which could prove far more disruptive…

Europe is poised for improvement

Positive stories about Europe are thin on the ground at the moment – notwithstanding that core European equity markets have broadly outperformed their global peers, including the US, so far this year. With a sluggish vaccine rollout and a renewed rapid spread of infections across the continent, restrictions look set to remain in place for…