“Sentiment towards emerging markets continues to be influenced by global macro factors such as the timing of the first US rate increase and China’s intentional rebalancing of its economy,” Coombs continued. “Yet the fundamentals across the emerging markets universe, comprising more than 70 countries and a diverse range of asset classes, remain sound, with economies demonstrating their ability to withstand notable challenges of the past few years such as higher funding costs, lower commodity prices, currency devaluations and major electoral cycles. This highlights the political, social and economic progress that emerging markets have made over the past decades.” he added.
