Emerging-Frontier Equity Monthly – June: Dollar strength and Covid resurgence
Stronger Dollar helps DM outperform EM. Changing US Fed tone and inflation behind Brazil, Mexico, Russia rate hikes.
In Large EM, Oil (Russia, Saudi), Iron (Brazil), China Tech outperform Korea-Taiwan Tech and Sth Africa (Gold, Covid)
In Small EM-FM, Tech, Oil (Colombia, GCC, Nigeria) outperform Copper (Chile, Peru) and Tourism (Dubai, Thailand)

Strategy & Head of Equity Research @ Tellimer Research
