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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMERGING MARKETS
- In the past few weeks, we have seen that the rise in uncertainty over the Delta variant in addition to the sharp contraction in Chinese liquidity have been weighing on risky assets, especially EM equities.
- In addition, USD strength in July generated a sharp selloff in EM risky assets, with EM MSCI index down over 7% last month.
- This chart ranks all the EM Equity Sectors based on their monthly performance for each month since July 2020.
- Real Estate was the worst performer in July, down nearly 18% amid rising contagion risk over China real estate developer giant Evergrande.
- The real estate sectors has been the worst performing sector in the past year, down 18% YoY, while EM Materials and IT stocks have been the best performing stocks up 52.4% and 41.7% YoY, respectively.
- Energy and Real Estate are the two 'cheapest' sectors in the EM market according to our value score.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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