Also in this playlist...
This transcript is automatically generated
Well this month emerging markets have seen their largest outflows on Iraq on the iShares emerging market indexes down more than 13% so far this year.
Took an emerging markets get -- Mo -- back per share sharp but is Morgan Stanley and emerging markets he joins me now in.
The most fastening come -- sought from your research that's -- note is that music -- or their dad you know Brazil Russia India China.
-- -- -- We know what's happening is that expectations are these markets and economies have gotten -- -- -- and those expectations are now being beaten down.
And this is what happens so often lead to that hawk teeing -- one decade is is really need to heart team of the subsequent debuted in 1990s with a lot of out.
That TNT think that technology 1980s was about Japan.
This Bosnia Kate was on about the brakes and the rights of commodity prices and I think that those trains and having -- on their -- But you know one of the things that bit -- made his country so.
I enticing to US investors European investors was that emerging consumer consumer discretionary technology they want iphones they want what -- -- what -- They're looking for everything that the west has to offer today have it now or is it more story that those economies.
-- -- But you know my point is that it's not as of the emerging markets story yes such as -- it -- is that these large economies are the ones we go with expectations need to be.
We sex and -- other emerging economies that are emerging -- debate got stopped and terrific to them.
And to me that's the key thing -- the leadership is shifting in emerging markets away from one -- was a different set of country.
So let's talk about that that's because you say there are some new stars stripes that are out there.
And misses -- it assailants I have to say maybe up the first -- isn't surprising Poland right country to watch and you say Columbia.
For -- all of that makes sense -- free trade Thailand the Philippines chill way Indonesia.
Right but I think it's what -- -- but I think that that.
I figured that many of these economies when -- got the last decade Mexico is also one economy that I think I'm getting more optimistic on certain that all these economies -- didn't -- win last decade.
And the -- now new political leadership that's trying to make a change yet trying to sort of make sure that these economies get on and you -- attract Philippines and Mexico.
With some of the other economies like Brazil and Russia complacency said -- that he -- a boom you stop reforming these stops are picking the right economic decisions economic growth falls.
And that's why in -- the -- for the exits from some of these month.
Even kind of result Latin American we're looking at that's fighter right now that that to me is fascinating you know things over -- that we're seeing here is.
-- -- -- from the -- banks around the world and and pulling back from stimulus for gonna see that in Europe we're gonna eventually say about -- the United States what does that do.
To emerging markets -- -- I think some of these countries that are running -- current account deficits it makes it much more difficult to find described it on deficits if you look at the pac -- even this year.
That got in seas off which countries have -- in the most it's those countries which run large current account deficit South Africa India.
Visit I think that's and I missed that.
Flowing from the US but not to the -- and financial institutions at more risk of -- the US.
-- bank is thinking about keeping down its.
By taxes I think that's really what's going on which -- that didn't liquidity is not -- not to find these massive got to pick on the floor.
What about the contrary and and me right now but it -- say it's a great time to -- Into movies beaten down indexes these -- he -- Let my point is that this not a great -- passive investing in emerging markets it's a time for active investing because you need to because -- emerging markets right 18% of the global population.
35% of the global economy and -- -- -- countries they're different.
Dynamics different political site to -- beat Pete in different pieces that -- with the generalize about emerging markets I think at the wrong thing to do with what picking the spots last decade.
The rising tide of nobody liquidity lifted all the markets that I did not running out and -- up because thoughts now that's the basic point of the book pretty.
One group like they've got the book and I will say this as well that Morgan Stanley is as of -- investment -- -- a bank that has certainly been out an active and in these markets as well.
We're -- -- Morgan Stanley head of emerging markets of course and and thank you for mentioning the book as well thank you for being here -- enjoys that are right close.
Filter by section