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Use select charts from the Guide to the Markets to engage in portfolio discussions.

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Emerging markets

Economic growth in emerging markets has been almost double that of developed markets over the past decade. But in recent years, a stronger U.S. dollar and a steep decline in commodity prices have left some emerging economies under pressure. While the long-run picture remains promising, investors should look to actively differentiate within the asset class going forward.

Economic Expansions and Recessions
Some countries have been more vulnerable than others
 
  • Since 2014, two groups of EM countries have tended to be under more strain than others: Those with large current account deficits and those reliant on commodity exports.
  • Commodity exporters have suffered as the price of commodities (namely energy) has fallen precipitously while capital flight from deficit countries have caused currencies of those countries to swoon.
  • In contrast, countries with a current account surplus, lower exposure to falling energy prices and a strong manufacturing segment have been more resilient.
Discussion Slides
Emerging Market Equities
Demographics and Development

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