The trade dispute between the US and China shows few signs of resolution. Why are global tariffs rising, which economies are most vulnerable and how can investors position themselves for this more challenging environment?”
Investment grade and high yield credit in emerging markets have delivered divergent performance over the summer. Could this trend reverse, or is investor caution warranted in the high yield space?
A summary of the factors driving global markets over the last quarter.
A relatively benign G20 summit and expectations for easier financial conditions ahead have boosted demand for emerging market debt. However, areas of value can still be found.
Despite attractive valuations, emerging market equities have underperformed. Things are improving, but a headwind looms: monetary policy
For emerging market fixed income investors, an issuing country's high inflation can lead to higher yields, compared to developed markets.
Time-tested projections for resilient portfolios
Chart of JPM's long-term capital market return assumptions. Deleveraging will depress growth while risk assets should offer decent returns
2011 estimates and the thinking behind the numbers. Executive summary
Expected returns and correlations of asset classes.