Global Emerging Markets Update - April 2021

13 May 2021

After correcting in March, EM capital markets recovered in April. This was mainly influenced by the falling US dollar and treasury yields along with a rise in crude oil and industrial metals.

The best performing EM markets were Taiwan, South Korea, Mexico, and Brazil – those markets linked to global growth (especially US growth), and/or better COVID-19 outcomes and/or were beneficiaries of higher commodity prices.

Partially offsetting these EM sovereigns was India. It was negatively impacted by the sharp increase in COVID-19 cases and deaths over April.

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Northcape Capital

Northcape Capital
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