Erste Asset Management - Blog

Posts on: CEE/Emerging Markets
http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/10/20171010_PD4264.HR_-890x390.jpg
Gast-AutorIn / Guest Author am 18th October 2017

IMF-meetings in Washington: positive outlook for emerging markets

ANDREW CABALLERO-REYNOLDS / AFP / picturedesk.co

 

Guest Author: Felix Dornaus, Senior Fund Manager

 

The following points reflect my impressions at the presentations that I attended at the IMF-meetings in Washington from 12 to 15 October 2017.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2016/02/Fotolia_Shanghai_Asia_67418743_XL-890x390.jpg
Gabriela Tinti am 28th September 2017

Urbanisation in Asia: challenge and opportunity

© Fotolia.de

Asia’s cities are growing and growing, presenting the urban infrastructure with great challenges. Thanks to technical progress, the relevance of environmentally friendly transport solutions is on the rise. Investors can benefit from this trend, as Gabriela Tinti points out in an op-ed article for the magazine “Global Investor”.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2016/10/Fotolia_117871386_L-890x390.jpg
Gerhard Winzer am 25th August 2017

Growth picking up in the emerging economies

© Fotolia.de

Economic growth has increased significantly on a global scale and is broadly supported. According to our preliminary estimate, global GDP recorded a growth rate of 3.7% from Q1 to Q2 (annualised). While the developed economies have presumably grown by 2.7%, the emerging economies posted a growth rate of 5.2%. In this article, we would like to take a closer look at the emerging markets on the basis of classic economic indicators.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2015/08/iStock_000059963534_XXXLarge-890x390.jpg
Gabriela Tinti am 07th July 2017

China makes A-shares accessible to the global market

© iStock.com

China has been increasingly opening up to the global market. Last year the Renminbi was taken into the currency basket of the International Monetary Fund in October 2016. Now, another step towards liberalisation has followed. China has cleared A-shares for international trade via trading platforms.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/05/20170518_PD12332.HR_-890x390.jpg
Paul Severin am 22nd May 2017

Bribery accusations put shock to Brazilian capital markets

(c) Andre Penner / AP / picturedesk.com

Last Thursday, incriminating video and audio tapes emerged that linked current President Michel Temer to bribery. The accusations have thrown Brazil into a deep political crisis, and the capital markets have lost massively.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/04/Fotolia_73193857_L-890x390.jpg
Gast-AutorIn / Guest Author am 17th May 2017

Afterthoughts on the Turkish referendum

(c) Fotolia

Author: Sevda Sarp
Research Analyst

After the ballots were counted on 16 April 2017, the state-run Anadolu news agency reported that “Yes” had won by securing 51.4% of the votes, which was later also confirmed by the Electoral Commission. Serious concerns were raised by the OSCE. It is also important to note that the referendum took place during a “state of emergency”. That is to say, in a highly repressive climate in which the President and the government controlled the media, jailed critical journalists and leaders of pro-Kurdish parliamentary opposition, and arbitrarily detained and prosecuted the President’s opponents. The result of the referendum has paved the way for the most controversial changes that Turkey has faced in its history.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/05/IMF_20170422_PD3341.HR_-890x390-1494423018.jpg
Gast-AutorIn / Guest Author am 11th May 2017

My impressions from IMF meeting in Washington: Emerging markets “alive and kicking”

Jose Luis Magana / AP / picturedesk.com
Felix Dornaus, Senior Fund Manager Emerging Markets Bonds

Author: Felix Dornaus
Senior Fund Manager

 

The spring meeting of the International Monetary Fund was held in Washington from 20th to 23rd April. This event was the reason for an investor conference that I attended in order to get an idea of the status quo of the global economy as well as of risks and opportunities.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/04/Fotolia_73193857_L-890x390.jpg
Gast-AutorIn / Guest Author am 12th April 2017

What the Turkish referendum means for the capital markets

(c) Fotolia

Amalia RipflAuthor: Amalia Ripfl
Senior Fund Manager

A “Yes” to Erdogan’s planned constitutional amendment in Turkey would constitute a double-edged sword for investors: the planned presidential system could mean a short-term relief for the markets and for the economy. However, in the long run, this scenario harbours big risks. That being said, a “No” would not help investors either.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/04/Fotolia_14375812_L-890x390.jpg
Gast-AutorIn / Guest Author am 06th April 2017

Czech National Bank removes currency floor

(c)Fotolia

Author: Anton Hauser
Senior Fundmanager Emerging Market Bonds

 

Three and a half years after introduction, the Czech National Bank decided today to remove its 27 CZK/EUR currency floor. Many investors were expecting this decision. Indeed, this trade is currently one of the most popular ones among investors. As expected, the Czech koruna appreciated slightly against the Euro. In the short term the currency will remain volatile, as a lot of speculative money is involved. In the long run I expect that the Czech koruna will continue to appreciate given the strong fundamentals of the Czech economy.
Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/03/iStock_76142303_XLARGE_Kuala-Lumpur-890x390.jpg
Gabriela Tinti am 03rd March 2017

Equity performance: focus on emerging markets

The stock exchanges in the emerging economies and their performances have fallen short of expectations in recent years. Speculations about the weakening economy of China, the decline of commodity prices, and an appreciating US dollar have had a detrimental effect on emerging markets. However, the trust of investors in these markets has been making a comeback since 2016. In spite of Donald Trump’s election victory and the fear of a US policy of protectionism, the emerging economies are currently outperforming the developed ones.

Read more

Subscribe to Blog by E-Mail