TSS - Emerging Markets Report, November 2015

by Michael J. Howell23. November 2015 10:30

From a risk perspective, Emerging Markets are looking slightly better. Overall liquidity inflows hit an index value of 27.7 in October, or up from 19.6 in September. Set against a ‘normal’ range of 0-100, this remains unattractively low, but at least it is improving. China remains the overwhelming negative influence on the sector. Our concern, emphasised since the February 2015 Lunar New Year, is that the People’s Bank (PBoC) is tightening, and not easing, policy.


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