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Investment Weekly

EMs built different this time
27 March 2026

    Chart of the week – EMs built different this time

    Chart of the week – EMs built different this time

    Click the image to enlarge

    Emerging markets have proved remarkably resilient to the twin shocks of surging oil prices and a stronger US dollar – a combination that was once a recipe for widespread stress. This latest episode crystallises a long-building structural shift: EM assets are becoming less sensitive to global “risk-off” events. So, what does that means for investors?

    Market Spotlight

    • A crude interruption

    Lens on…

    • Hiking on thin ice
    • The minus touch
    • Powering portfolios

    Read the full commentary PDF, 3.3MB