How concerned should EM managers be about China fears?

A rebound in commodity prices, a weaker dollar, a more dovish stance from the Federal Reserve, and an improving landscape in China all combined to give a number of emerging markets a new lease of life, writes Carmignac's Didier Saint-Georges.

Latin America is one bright spot - where in Brazil economic indicators are signs of improvement. Its current account balance is on the mend thanks to a weaker currency, with a deficit that has now dropped to below 3% of GDP. What factors could derail the emerging market debt rally? This welcome decrease has gone hand-in-hand with a growing inflow of foreign direct investment, suggesting that investor confidence is being restored. Progress made by President Mauricio Macri's team in Argentina, combined with an improvement in economic fundamentals, suggests the investment climate has ...