Feature In this report, we determine which South and Southeast Asian countries are better equipped to endure the COVID-19 pandemic. Answers to this question combined with our macro fundamental analysis lead us to recommend which…
Deflationary pressures are mounting in Thailand. Therefore, the central bank will cut interest rates much further. Hence, we continue to recommend overweighting Thai domestic bonds within an EM local bond portfolio, currency…
Chart II-1Thailand Is Flirting With Deflation Deflationary pressures are mounting in Thailand. This will lead the central bank to cut interest rates much further. We therefore recommend to continue overweighting Thai domestic…
Highlights An analysis on Thailand is available below. In all scenarios of global market performance, EM will underperform DM in the first half of 2020. Absolute return investors should be mindful of downside risks in EM financial…
Chart II-1Thailand's Current Account Is In Surplus The Thai parliament has elected to keep the ex-military general Prayuth Chan-ocha as the country’s prime minister. This will instill political stability for now, which is…
Analysis on Thailand is available below. Feature Last week we were on the road meeting with some of our U.S. clients. This week’s report presents some of the key topics of our discussions in a Q&A format. Question: You have…
Highlights So what? EM elections bring opportunities as well as risks. Why? Emerging market equities will benefit as long as China’s stimulus does not fizzle. Modi is on track to win India’s election –…
Highlights So What? Global divergence will persist beyond the near term. Why? China’s stimulus will be disappointing unless things get much worse. U.S.-China trade war will reignite and strategic tensions will continue.…