9 days ago • Posted by William Ramstein

Going long on EM now as underperformance persists?

This year’s underperformance of EM vs DM equities looks rather extreme by historical standards which could offer an entry point for a medium-term OW in EM vs. DM . Indeed, two previous episodes of close to 20% EM vs. DM equity underperformance, during the second half of 2015 and during April-Oct 2018, were followed by 10-15% EM outperformance in subsequent months. @TME