China’s economic growth sank to a new multi-decade low in the latest quarter as a trade war with Washington deepened a slump that is weighing on the global economy. Growth in the world’s second-largest economy slipped to six per cent in the three months ending in September, down from the previous quarter’s 6.2 per cent, […]
In a world with volatility and uncertainty, four key transitions can explain the headlines: China, technology, energy and demographics, said Vikram Mansharamani, who is a lecturer at Harvard University and author of Boombustology: Spotting Financial Bubbles Before They Burst. China is growing and trying to transition to a consumption-led economy, but the transition isn’t complete […]
Romania will be reclassified from a frontier to a secondary emerging market and Tanzania will become a frontier market, effective September 2020, according to the equity side of FTSE Russell’s latest classification review. Argentina was removed from the watch list for potential reclassification as a secondary emerging market because it has imposed capital controls. And […]
China warned the United States against trying to limit investment ties between the two countries, even as the Trump administration contradicted a report that Washington might be considering removing Chinese companies from American stock exchanges. The foreign ministry appealed to Washington to “meet us halfway” and resolve disputes amid a tariff war that threatens to […]
South Africa’s economy has been sluggish in recent years, but upcoming changes could provide hope for institutional investors considering opportunities in the country. Its economy has been in a low-to-modest growth mode, said Falilou Fall, senior economist at the Organisation for Economic Co-operation and Development, during the Canadian Investment Review’s podcast “Pension Passport.” He highlighted […]
MSCI Inc. is updating certain key indexes, with changes taking effect when the market closes on Tuesday. Stemming from MSCI’s most recent quarterly index review, the changes include increasing both Saudi Arabian stocks and China A-shares within the emerging markets index. The updates will mark the second and final step in the inclusion of the MSCI Saudi Arabia index, […]
Looking at South Korea today, it’s hard to believe the country was one of the world’s poorest just a few decades ago. But since the 1960s, its economy has been growing quickly. “In fact, from the mid-1960s to the mid-1970s, it had one of the highest growth rates in the world, and at times in […]
While emerging markets have been underperforming their developed counterparts over the past decade, this may be about to change. “Basically, everything went wrong in emerging markets in the last 10 years,” said Laurence Bensafi, deputy head of emerging markets equity at RBC Global Asset Management Inc., in a webinar hosted by the Association of Canadian Pension Management […]
I am optimistic about China’s medium-term economic prospects, within the context of gradually slower year-over-year growth rates. This optimism is based largely on the continuing evolution of government policy designed to embrace private enterprise and markets. My biggest concern is that there has been little parallel evolution in China’s governance and institutions. China’s economy and […]
The People’s Bank of China announced that it’s opening up its financial markets to foreign investors in several new and quite granular ways. Among the developments, China is allowing foreign-funded institutions to conduct credit rating business on assets in the country’s inter-bank and exchange bond markets. Andrew Mattock, a portfolio manager at Matthews Asia, recalls […]