Brazil’s economy is under the cosh, but the 30% rebound in the Bovespa since mid-January has made it one of the top performing equity markets in the emerging world. While we doubt that the stock...

The real yields of US Treasury Inflation Protected Securities (TIPS) have fallen since the US stock market hit a trough on 11 th February. The likely explanation is that investors have become more...

Emerging market (EM) equities have performed well in recent days, buoyed by rising commodity prices and an increase in purchases by foreign investors. We remain upbeat and still expect the MSCI...

Time will tell if the recent rebound in emerging market (EM) equities was a turning point, but we remain cautiously optimistic that they will outperform those in the developed world in 2016/17.