Strategy Note /
Global

Emerging-Frontier Equity Monthly – May: Commodity exporters, India, FM beat Tech

  • Dollar decline drives up markets linked to Euro (East Europe), Commodities (Brazil, Russia), risk appetite (FM)

  • Large EM: Commodity-fuelled Brazil, Russia, South Africa and "teflon" India outperform China-Korea-Taiwan Tech

  • Small EM-FM: diverse "Frontier" (Bangladesh, Georgia, Pakistan, Peru, Philippines, Vietnam) outperform Tech stocks

Emerging-Frontier Equity Monthly – May: Commodity exporters, India, FM beat Tech
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
31 May 2021
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