Carmignac Gestion

In 2018, emerging markets experienced a risk-off period, taking a hit from a combination of rising US interest rates, dollar appreciation and major political tensions pitting the US against China, Russia and Turkey.

Group's annual media event

Payments made to executives via Luxembourg subsidiary

The Bigger Picture on EMs

The US stockmarket, riding high on the Donald Trump administration's expansionary fiscal policy, is now in the longest bull run in history, surpassing the previous record that was set between October 1990 and the bursting of the tech bubble in March 2000....

Impact on decision-making

Does the US have upper hand over China?

Not acting as a safe haven

Concerns about oil, currency and politics

US stocks have had a chance to finish 2017 in style, as the economic recovery that started two years earlier received an additional boost from the much-publicised breakthrough on tax reforms.