Alex Duffy

Trade tariffs: assessing the real impact

Tariffs themselves aren’t the most important factor in the trade dispute between the US and China. Instead, investors in emerging markets should watch for secondary effects that the tariffs might have on China’s balance of payments position, which could in turn put pressure on the currency.

14 January 2019 | Alex Duffy
2019 outlook: Emerging Markets

2019 outlook: Emerging Markets

Although we see volatility continuing, we expect a positive return for emerging market equities next year, with potentially greater dispersion of returns across regions than we have seen in the last 3-5 years.

12 December 2018 | Alex Duffy
Two key areas of opportunity in EM

Two key areas of opportunity in EM

Portfolio manager Alex Duffy believes that periods of volatility separate the bad business models from the good and highlights two key areas he's currently seeing good opportunities in emerging markets.

13 November 2018 | Alex Duffy
The $4.1 trillion dollar question

The $4.1 trillion dollar question

“Specifically, when I look at China, I’m far less worried about the impact of a tariff on $400B or $500B worth of goods. Tariffs of 15-20% on $400 billion isn’t a huge delta in terms of the overall trade balance. When it is far more relevant, is what it means for the currency.”1

07 November 2018 | Alex Duffy
Winners and losers from rising interest rates

Winners and losers from rising interest rates

With rates marching higher in the US, higher risk asset classes such as emerging market equities are seeing rising volatility. As risk reprices across the market, this will cause problems for weaker companies and countries but also opportunities for prudent investors.

18 October 2018 | Alex Duffy
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