PA Congress Insight: The GEM rally will continue, but not at this speed: M&G’s Claudia Calich

Added 18th July 2016

Emerging markets have had a very good start to 2016 so I asked M&G’s Claudia Calich, whether this is because of cheap valuations or fundamental strength. And is the rally to date sustainable..?

Part of the success of emerging markets so far this year has been that they have not performed as badly as people thought they would. For example, oil started the year at $30 and has gradually snuck upwards, directly benefiting the oil producers such as Brazil and Venezuela before then spilling over into other credits.

My conversation with M&G Emerging Markets Bond manager Claudia Calich added in the fact that there are less fears about China now than there were at the start of 2016, and that outflows into the asset class have slowed if not quite stopped.

Quite simply, it is hugely positive that things are not quite as bad as they could be…

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About Author

Gary Corcoran


Portfolio Adviser & International Adviser

Gary Corcoran is the editorial director for Portfolio Adviser, International Adviser and Fund Selector Asia. He is also programme director and chairman for events hosted across the UK, South Africa, Middle East and Asia. Gary joined Last Word Media in August 2006 as the launch editor of Portfolio Adviser, having previously worked at Bacon & Woodrow, Legal & General, FT Business and MSM International.



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PA Channel Island 2016
PA Channel Island 2016

8th November 2016
The Royal Yacht, Jersey


17th November 2016
The Andaz

PA Emerging Markets 2016
PA Emerging Markets 2016

1st December 2016
The Mayfair, London

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