The year has been marked by extreme volatility, as the Nasdaq bear market which began in March conti...
The year has been marked by extreme volatility, as the Nasdaq bear market which began in March continued to reverberate throughout the emerging markets during April and May. Most major markets recovered during June, but still year-to-date the asset class has significantly underperformed. Despite positive news in most markets, fears of higher US interest rates contributed to corrections in Latin equities. The Argentine government managed to pass a conservative budget and labour reform that will reduce spending and improve the fiscal account. The economy, however, is not rebounding as expect...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes