Thriving Emerging Markets Look Poised to Wrap Up Banner Year
Shoppers at the Mandaue City Public Market in Cebu, the Philippines.
Photographer: Lisa Marie David/BloombergEmerging market assets look set to cap a banner year, with investors expecting inflows into equities and bonds to gain momentum in the final quarter.
Sentiment has rarely been this buoyant, with an HSBC Holdings Plc survey showing EM fund managers as the most bullish since the start of 2021 — when an everything rally was in full swing during the pandemic. Goldman Sachs Group Inc. strategists said EM markets are “thriving, not just surviving,” as economic growth this year surpassed expectations despite higher tariffs.