Turbulent Emerging Markets
Emerging markets have been met with volatility for much of 2018 as a confluence of events have resulted in losses for both equity and fixed income investors. Much of the volatility in the broader space has been driven by events and occurrences domestically. A strengthening U.S. dollar has been a notable negative for investments overseas, but particularly for those countries with an outsized portion of U.S. dollar-denominated debt. In addition, trade negotiations have increased uncertainty over the future and outlook of global trade, particularly with China.
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