Emerging market equity markets held up better overall than developed markets in September and October, which could signal the start of a somewhat more sustainable outperformance. The trend emerges from the analysis of Raiffeisen Capital Management.
The odds are not so slim, because the dollar may have seen its peak and the slowdown in China should have hit rock bottom, even if it plays against inflation that is also spreading to the food sector, with possible new geopolitical and global problems. general for the global recovery, with less positive effects for emerging countries.
So with the search for yield progressing globally, emerging market equity and bond markets can also receive good support in the coming quarters. In September and in the first half of October, the global emerging market equity index remained broadly unchanged, while the developed equity index lost around 1%.