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By Joseph Wu, CFA
Profit upturnFor much of the past 15 years, lacklustre earnings growth has been the defining challenge for EM equities. Despite faster economic growth than developed markets, EM companies have struggled to deliver superior growth in profits and shareholder returns.
In addition to the weaker conversion of econom...
By Joseph Wu, CFA
Profit upturnFor much of the past 15 years, lacklustre earnings growth has been the defining challenge for EM equities. Despite faster economic growth than developed markets, EM companies have struggled to deliver superior growth in profits and shareholder returns.
In addition to the weaker conversion of econom...
Anyone who has fixated on the recent U.S. stock market rally without paying attention to other news might have assumed that all is right with the world.
The S&P 500 has surged 17 percent since the late March Iran war low and is up 8.6 percent year to date through May 20.
This impressive run has materialised despite a barrage of challenges:
...