Emerging markets have been reinvigorated this year, with the benchmark MSCI Emerging Markets at a six-and-a-half-month peak and developing-world currencies up against a weaker dollar. And the rally looks set to endure.
Since early 2016 the MSCI Emerging Markets index has jumped by 83%, and is now close to its 2007 all-time high. Last week, global investors poured $7.9bn into emerging-market equity funds.
Asia’s best-performing stockmarket last year was Vietnam, where consumer and manufacturing firms were the key drivers of a 48% increase in the Ho Chi Minh Stock index.
Brazil’s Bovespa stockmarket index has just reached a new record peak, but investors should keep a close eye on the political backdrop.
Turkish stocks have just reached a new record.But with high debt, a weak lira and an authoritarian government, Turkey’s boom could quickly turn to bust.
Investors’ enthusiasm for Africa dwindled as commodity prices fell. But there has always been more to the Africa story than raw materials.
Vietnam is attracting increasing attention from around the world, and it is easy to see why, says professional investor Andy Ho. Here, he pick three stocks to buy into its rapid growth.
There are good reasons for foreign investors to be nervous about Russia. But there are also reasons for cautious optimism about its future, says Frédéric Guirinec.
MoneyWeek’s regular contributors each pick one of their favourite investment ideas from around the world for 2018 and beyond.
Vietnam is gradually shaking off the burdens of its troubled history. Invest in its bright capitalist future, says Max King.
While emerging markets have performed well over all, two have been left behind, says Andrew Van Sickle.