Strategy Note /
Global

Contrarian sells in emerging market equities

  • We revisit the investment case of 11 EMs that have outperformed year-to-date and are expensive versus history

  • Large EM: Teflon Modi-led India, oil price-driven Russia, negative real rate-fueled Saudi, regulation-immune Taiwan Tech

  • Small EM: Locally driven Abu Dhabi, Bangladesh, EU-linked Hungary, Romania; off-EM benchmark Kenya; overseas-listed Tech

Contrarian sells in emerging market equities
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
16 September 2021
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