Friday, September 22, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Emerging Markets

Global emerging markets equity – JP Morgan strategy

MtR by MtR
June 20, 2021
in Emerging Markets
0
Global emerging markets equity – JP Morgan strategy


JP Morgan


(Representational Image)&nbsp

EM has underperformed DM equities YTD reflecting EM countries’ idiosyncratic factors and core global risks emanating from the exceptionally strong US.

Related articles

Truist Partners with Standard Chartered to Strengthen Trade Finance Capabilities in Emerging Markets

Truist Partners with Standard Chartered to Strengthen Trade Finance Capabilities in Emerging Markets

September 22, 2023
India to be included in JP Morgan’s emerging market debt index

India to be included in JP Morgan’s emerging market debt index

September 22, 2023

MSCI EM has been up >5% on year to date so far vs S&P 500 up >12% year to date so far. Investors expect a gradual transition from a high economic growth / low-interest-rate equilibrium to one of yet high growth but higher interest rate & as vaccinations pick up and the reopening takes place, EMs are expected to restore GDP growth premium versus US GDP by Q421.

Pedro Martins Junior, CFA who is EM equity strategist at JP Morgan says three possible drivers to make the relative case of EM/ DM equities more compelling into H2’21 with 3 reasons.

  1. The phase-out of US exceptional strength as EM restores GDP growth premium versus US GDP by Q4’21;
  2. Higher commodity price tailwind for EM exporters through stronger growth and improvement in fiscal and current account balances;
  3. Favorable positioning as a reversion to the historical average allocation of global investors to EM would represent the additional flow of funds of US$442 billion.

JP Morgan has increased MSCI EM 2021 year-end target to 1,550 from 1,450 driven by a stronger earnings outlook with positive EPS revisions continue following a strong Q1’21 season and uplift to EM GDP growth estimates.

Speaking about Indian equities have been remarkably resilient which is up 13% year to date. Nifty trading at an all-time high of 15,800+ levels. As India’s second wave abates, states are using a more decentralized and data-driven approach to unlock.

Markets in India have been lifted by the global tide and have ignored potential near-term economic and earnings risks. However, the expectations-reality gap appears unfavorable near term with underlying market dynamics has been deteriorating for some time.

JP Morgan says Indian banks should do well relative to the market if that happens & prefer ICICI Bank, HDFC Bank, and SBI. In India, JP Morgan overweight Asian Paints, Aurobindo Pharma, Bajaj Auto, ICICI  Bank, Infosys, L&T, Marico, SBI Life, and Tata Steel.



Source link

Related Posts

Truist Partners with Standard Chartered to Strengthen Trade Finance Capabilities in Emerging Markets

Truist Partners with Standard Chartered to Strengthen Trade Finance Capabilities in Emerging Markets

by MtR
September 22, 2023
0

Standard Chartered Americas (the “Bank”) today announced that it has entered a trade finance partnership with Truist Bank (NYSE: TFC)...

India to be included in JP Morgan’s emerging market debt index

India to be included in JP Morgan’s emerging market debt index

by MtR
September 22, 2023
0

NEW DELHI: JP Morgan has said that it will include India in its Government Bond Index-Emerging Markets (GBI-EM) index from June...

India Bonds To Be Added To JPMorgan Emerging Market Index

India Bonds To Be Added To JPMorgan Emerging Market Index

by MtR
September 22, 2023
0

Indian government bonds will become part of the JPMorgan Chase & Co.'s emerging markets bond index, the US investment bank...

Treasuries, Korea, Buffer ETFs, Cozy Real Estate

Treasuries, Korea, Buffer ETFs, Cozy Real Estate

by MtR
September 21, 2023
0

Look to Unloved Sectors  The idea: The US equity market has had a tremendous run in 2023, but much of...

did Mexico just eat China’s lunch?

did Mexico just eat China’s lunch?

by MtR
September 21, 2023
0

In spite of depleted excess savings and much higher interest rates, US consumption has continued to tick along at decent...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

September 22, 2023
European Telecom Industry Gets Mixed Signals From Investors — Talking Markets

European Telecom Industry Gets Mixed Signals From Investors — Talking Markets

September 22, 2023
Trump breaks silence on Murdoch retirement

Trump breaks silence on Murdoch retirement

September 22, 2023
Indiabulls Real Estate closed today at ₹78.59, up 1.68% from yesterday’s ₹77.29

Indiabulls Real Estate closed today at ₹78.59, up 1.68% from yesterday’s ₹77.29

September 22, 2023

Recent News

Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

September 22, 2023
European Telecom Industry Gets Mixed Signals From Investors — Talking Markets

European Telecom Industry Gets Mixed Signals From Investors — Talking Markets

September 22, 2023
Trump breaks silence on Murdoch retirement

Trump breaks silence on Murdoch retirement

September 22, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter