Which countries will drive EMD performance in 2017?

Changing growth model

When President Donald Trump was elected, emerging market investors flinched at the prospects of an even stronger US dollar, and even greater stagnation in globalisation, writes Salman Ahmed, chief investment strategist at Lombard Odier Investment Managers.

We always thought the strong dollar trade was about expectations rather than reality, and recent events appear to support us.  In any case, the next stage in emerging world growth will not rely on manufacturing cheap goods for Western consumers, but on domestic demand and intra-emerging market dynamics. This is why we remain bullish on emerging market debt and currencies, but also why we differentiate carefully between countries and avoid traditional market capitalisation-weighted benchmarks. Jupiter launches EMD fund for new hire Arevalo Longer-term, we think beneficiaries of '...