Saznajte više o sljedećim tržištima u razvoju
Što izdvaja tržišta u razvoju?
Tržišta u razvoju odnose se na zemlje koje obično prolaze kroz transformaciju iz gospodarstva u razvoju u već razvijeno ili napredno gospodarstvo. Proces sustizanja i modernizacije otvara veliki tržišni potencijal, a tržišta u razvoju karakterizira visok zamah rasta. U Raiffeisen Capital Managementu vjerujemo da bi široko diverzificirani portfelj fonda također trebao uključivati ulaganja u tržišta u nastajanju na srednji i dugi rok – ako je ulagač voljan snositi povezani rizik. Pozitivni čimbenici su nizak dug, umjerena monetarna politika i, kao što je već spomenuto, potencijal za snažan rast, dok su ekonomske strukture i politički sustavi u tim zemljama često još uvijek u tijeku. Stoga fondovi tržišta u razvoju općenito pokazuju povećanu volatilnost.
Current developments in the Emerging Markets
Following the price declines in April, the developed equity markets did well again in May, posting an overall gain of more than 4%, with the USA leading the way. By contrast, developments for EM equities were much more uneven, and at the index level there was only a minimal gain of around 0.3% (both figures calculated in USD).
Istočna Europa
CE3 – Poland, Czechia, Hungary-Update
The new government in Poland is facing stiff headwinds, but feels reinforced by the outcome of the EU elections. The governing parties in Czechia are discussing an additional tax on banks. The new opposition party in Hungary did well in the EU elections.
Türkiye-Update
Inflation rises to 75%, but should now fall quickly according to the central bank. In domestic politics, there appears to be some rapprochement between Erdogan and the opposition.
Russia-Update
Russia has advanced to 4th place in the global ranking of economic output (by purchasing power parity). In the meantime, the USA has imposed new, secondary sanctions, mainly to limit Russia’s foreign trade.
Azija
Good valuations and improvements in ESG reporting
The Chinese equity market has priced in a number of negative aspects, according to Jürgen Maier, who is confident about the prospects for China as the leading market, as well as for India. Maier, fund manager of Raiffeisen-Nachhaltigkeit-EmergingMarkets-Aktien, cites several arguments and discusses the stringent sustainability requirements applied in the asset selection process and the progress in fulfilling ESG criteria. He currently finds certain topics very attractive.
China-Update
After the USA, the EU is also taking more of a stance against Beijing. Economic performance is better than expected overall, but there’s good news and bad news. Chinese equities suffer a slight setback following gains in previous months.
India-Update
PM Modi and his party win the parliamentary elections as anticipated, but unexpectedly miss out on an absolute majority of the seats. The equity market fluctuated quite sharply for a short time and has thus digested the election results.
Južna Amerika
Brazil-Update
News in Brazil was dominated by a 100-year flood, which makes the outlook for inflation and growth more uncertain.
Promote the ESG improvement of the EM bond markets
The Emerging Markets present a number of major challenges for investors when it comes to sustainability and ESG-criteria. However, understanding and overcoming these challenges also opens up significant opportunities, both in terms of earnings and promoting a transition to sustainable business practices in the Emerging Markets.
Održivost i tržišta u razvoju
Tržišta u razvoju dom su sve većeg broja zemalja koje se kvalificiraju kao održive. Kako je moguće održivo ulaganje u tržišta u razvoju? A kako se održivost provjerava ?
Emerging Markets are becoming more and more interesting for sustainable investments
From a sustainability perspective, Emerging Markets have often been considered unattractive, but the tide is turning. In this interview, Jürgen Maier, fund manager of Raiffeisen EmergingMarkets Equities, explains, among other things, how an Emerging Markets equity fund can be managed sustainably and which markets or sectors are particularly in focus.
Despite careful research, the statements contained herein are intended as non-binding information for our customers and are based on the knowledge of the staff responsible for preparing these materials as of the time of preparation. They are subject to change by Raiffeisen KAG at any time without further notice. Raiffeisen KAG assumes no liability whatsoever in relation to this document or verbal presentations based on such, in particular with regard to the timeliness or completeness of the information presented and the sources of information, or in respect of the accuracy of the forecasts presented herein.
The fund Raiffeisen Sustainable EmergingMarkets Equities exhibits elevated volatility, meaning that unit prices can move significantly higher or lower in short periods of time, and it is not possible to rule out loss of capital.