Rally Exhaustion on Mexican Peso and MXN Swaps

Headwinds and Opportunities in South Africa

South Africa: Investors Still Too Complacent About Future Policy Direction (Part 3 of 8)

China: Can Beijing Maintain the Policy Balancing Act Through 2017? (Part 2 of 8)

Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Thematic (Sector/Industry)

South africa / Thematic (Sector/Industry)

<ol><li>South Africa is experiencing a period of political and financial turmoil, with the dismissal of the respected former finance minister Gordhan followed by the credit downgrade to junk. Erratic moves on the currency and mixed economic data made it difficult for the Central Bank (SARB) to act with consistency and efficiency.</li><li>South African assets, often considered as EM benchmarks, are also dependent on external factors like the FED monetary policy and world demand for commodities.</li><li>South African assets are showing strong cross asset correlations and interesting relationships with global markets.</li></ol>

South Africa is experiencing a period of political and financial turmoil, with the dismissal of the respected former finance minister Gordhan followed by the credit downgrade to junk. Erratic moves on the currency and mixed economic data made it difficult for the Central Bank (SARB) to act with consistency and efficiency.South African assets, often considered as EM benchmarks, are also dependent on external factors like the FED monetary policy and world demand for commodities.South African assets are showing strong cross asset correlations and interesting relationships with global markets.

South Africa : A Cross Asset Overview of an EM Benchmark Country