Emerging and Developing Asia (+8.6% in 2021; +6.0% in 2022) remain the growth locomotive of the emerging and developing world. Given the recent rise in core rate yields, tighter financial conditions pose a noteworthy risk to the recovery. EM Asia is ...

The IMF's statement on Argentina published yesterday is a bit of a damp squib. There was "shared recognition" of the need for policies to boost value-added exports and productivity. The two sides will continue working together with a view to "deepeni...

A concession has built in emerging markets. However, the higher rates narrative is not over. The dominant influence on credit market performance so far in 2021 has come from the ratchet higher in core bonds yields. A broadening in global recoveries t...

We identify four high-quality names that are likely to see a bounce-back in performance, and that are still trading at discounted multiples. We also identify four banks that have rallied hard and are now pricing in structural improvements in performa...

It has been three months since the IMF's statement on the commencement of formal programme negotiations, when we warned there was still a long way to go, and indeed, not much has changed. Delaying an IMF agreement, however, also allows economic imbal...

We initiate coverage on MercadoLibre (MELI) with a SOTP-based target price of US$2,286 and a Buy recommendation, implying 18% upside. MercadoLibre is looking to emerge as a one-stop-shop platform, along the lines of Alibaba. The combined market cap o...