To say that emerging markets faced a tough year in 2013 would be putting it mildly. The Fed’s mid-year taper announcement and current account deficits roiled emerging market currencies – some lost nearly 20% – and panicked investors rushed for the exits, causing the MSCI index to fall 5% and bond returns to move into negative territory. 2013 was clearly the ‘annus horribilis’ for emerging markets. Looking ahead to 2014, political concerns are likely to take center-stage compared to the fiscal and currency worries that pummeled emerging market equities in 2013. Emerging market countries to hold elections As many as five…
Big Investors Still Bullish On Emerging Markets: SocGen
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.