Articles about
Emerging markets

“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis

The way in which financial markets respond to US rate expectations is important

“When the world is running down, you make the best of what’s still around.” – Musician and actor, Gordon Sumner (aka Sting)

“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” – Economist John Maynard Keynes

A butterfly flaps its wings in Wuhan, China

Tighter financial conditions are the greatest near-term threat to global growth

But South African bonds still offer a bulwark against global policy normalisation

But overcoming deeply rooted economic problems remains challenging

A homegrown success story

Promising long-term growth seen in emerging equity markets

A weighty issue?

Despite new vehicle technology, global car sales still drive demand

China’s competitive education system drives strong growth

Earning its stripes

Vulnerabilities increase the risk of longer-term damage

The economic cost of rent seeking

But depressed growth and further Eskom support weigh heavily on government

Shifting growth dynamics and inflation uncertainty

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“We demand rigidly defined areas of doubt and uncertainty!” – Douglas Adams, The Hitchhiker’s Guide to the Galaxy

Post-pandemic recovery in the balance of vaccines and a return of confidence

“Battles are never the end of the war” – former US President James Garfield

Reflecting on a tough year

While we are cognisant of the risks, we believe a handful of carefully chosen businesses in China currently offer compelling returns for long-term investors.