Page 7 - Emerging Markets

China jitters drag indices: Sensex drops 273 pts, Nifty slips below 15,750

Market players said the developments in China has promoted several foreign funds to prune their exposure to the entire emerging market (EM) pack

US market exceptionalism

A bet on US outperformance is a bet on tech, which is near the end of its own hype cycle

Deutsche Bank launches indexes to track 21 emerging market currencies

Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy

Delta variant of Covid creates emerging market gap as outperformers hit

Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB

Indian hedge funds beat Asian, EM peers; provide 6.6% returns in May

Provide 6.6% returns in May; rebound comes after retreat in April as 2nd wave took hold

MSCI warns India, four other emerging markets against restrictive policies

Says could lead to a downgrade in market classification

MSCI India crosses 55% premium over emerging markets peers: Report

We expect the valuation premium to remain at elevated levels, as it offers one of the fastest growth in the region, Credit Suisse Wealth Management India said

Higher flows and rich valuations push cash levels of mutual funds

51% equity schemes have witnessed non-equity holdings rising in the past year

India Inc earns 72% of revenue from the domestic market: Morgan Stanley

On an aggregate basis, 72 per cent of EM companies' revenues come from their home country

Fed tapering and emerging markets

The year 2021 will be one of the strongest years for global growth in history

India-dedicated funds see $5-billion outflows in one year, shows data

GEM funds are the prime drivers of flows into emerging markets as they have assets under management of $123 billion

India is first pick among Asia emerging markets for Morgan Stanley

The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley

US-listed Emerging Markets ETFs see 26th straight week of inflows

Total inflow was $341.7 million for the week ended April 30, up from $81.1 million in the previous week

Commodity rally sparks jump in emerging-market currencies, credit

Many investors expect more gains as the world pulls out of the pandemic

India, emerging markets lag US in first 100 days of Joe Biden as president

Strong economic growth in the US coupled with aggressive stimulus measures and rapid vaccination has propelled the world's biggest market

India-dedicated funds see inflows of $192 mn in March, AUM up 5.7%

Global emerging market funds saw inflows of $1.52 billion, taking the CY21 inflows of such funds to about $3.62 billion

Covid vaccine shortage holds emerging markets back from global rally

Some investors are looking past the latest surge in cases, betting that vaccines will proliferate in the developing world.

The big, easy 'buy' story in Asia over; remain underweight on India: HSBC

HSBC has raised their 2021 global and EM gross domestic product (GDP) forecasts to 5.6 per cent (from 4.8 per cent) and 6.6 per cent (6.1 per cent), respectively

India fiscal health weak for quantitative easing, says Moody's

India is among the 11 emerging markets (EMs) that have jumped on the QE bandwagon

Developed markets outperformed emerging markets in March, shows data

The 10-year US Treasury yield has moved from 1.2 per cent to 1.7 per cent in just six weeks.