Welcome!

News Feed Item

Mirae Asset Global Investments Releases 2014 Emerging Markets Mid-Year Update

Emerging Markets Expert Addresses Performance, Politics and Policy in 2014 for Selected Emerging Economies

HONG KONG, CHINA -- (Marketwired) -- 08/01/14 -- Mirae Asset Global Investments ("Mirae Asset") published their 2014 Emerging Markets Mid-Year Update today. The twenty page report, authored by the Mirae Asset senior investment team led by CIO José Gerardo Morales, CFA, reflects back on the first half of 2014, in addition to providing insights for various regions for the remainder of 2014. http://investments.miraeasset.com.hk/download/2014-Mirae-Asset-Emerging-Markets-Mid-Year-Update-HK.pdf

The report states that emerging market equity performance has differed somewhat from consensus predictions. Emerging market equities, as measured by the MSCI Emerging Markets Index, returned 6.1% as of mid-year, due to falling U.S. 10-year yields, the relative attractiveness of emerging markets versus European yields, and elections in Turkey, Brazil, India and Indonesia. Mirae Asset contends that the rebound of emerging markets was further helped by the fact that much of the impact of tapering by the U.S. Federal Reserve was already seen in the second half of 2013, followed by quick damage-control exercises by the central banks of the "Fragile Five" (Brazil, India, Indonesia, South Africa and Turkey), all of which have outperformed versus the MSCI Emerging Market Index year to date.

Regional insights include:

  • Asia ex-Japan:
    • Key economies of China and India show signs of stabilization.
    • Reforms will be an important part of the underlying story in both countries in the second half of 2014.
  • Latin America:
    • Brazilian equities are likely to remain volatile until October elections, and remain reactive to poll readings and political headlines. The Brazilian market may offer upside potential in the event of a politically driven re-rating, both before and after the presidential vote.
    • Mexico remains an attractive market despite high equity valuations and lagging the region during the first half of the year.
  • Eastern Europe, the Middle East and Africa (EEMEA):
    • The Euro-area linked economies of Poland, Hungary and the Czech Republic are faring much better than Russia, South Africa and Turkey.
    • The Turkish market is likely to remain volatile, though it offers good opportunities with accelerating growth potential.

Key Takeaways:

  • Elections and the actions of central bankers will continue to significantly impact key regions in emerging markets for the remainder of 2014.
  • Overall, it remains imperative to retain a selective and active approach to emerging markets as we enter the second half of 2014.

Contributors:

  • José Gerardo Morales, CFA: CIO - Mirae Asset Global Investments (USA)
  • Young Hwan Kim: Deputy CIO - Mirae Asset Global Investments (USA)
  • Rahul Chadha: Co-CIO - Mirae Asset Global Investments (HK)
  • Byung Ha Kim: Co-CIO - Mirae Asset Global Investments (HK)

Company Logo
http://release.media-outreach.com/i/Download/1342

About Mirae Asset Global Investments
Mirae Asset Global Investments is one of the world's largest investment managers in emerging market equities(1). With over 560 employees, of which 120 are dedicated investment professionals, Mirae Asset offers a breadth of emerging markets expertise from its offices in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the U.S., and Vietnam. The firm manages over $60 billion in assets globally, of which more than $16 billion is invested in emerging market equities (as of 06/30/14). http://investments.miraeasset.com.hk(2)

(1) Source: One of the largest investors in emerging market equities amongst 79 asset management firms surveyed by Investment & Pensions Europe ("IPE Survey: Managers of Emerging Market & Frontier Equities," 31 January 2014).

(2) The website has not been reviewed by the Securities and Futures Commission of Hong Kong. It may contain information on funds which are not authorised for sale to the public in Hong Kong and are not available to Hong Kong investors.

Disclaimer:

Certain information contained in this document is compiled from third party sources. Whilst Mirae Asset Global Investments Group ("Mirae Asset") has, to the best of its endeavor, ensured that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability whatsoever for the accuracy of such information or any use or reliance thereof. The provision of this document shall not be deemed as constituting acceptance, or promise of any further contract or amendment to any contract which may exists between the parties. It should not be distributed to any other party except with the written consent of Mirae Asset. Nothing herein contained shall be construed as granting the recipient whether directly or indirectly or by implication, any license or right, under any copy right or intellectual property rights to use the information herein. The information and materials provided herein are given on a general basis without obligation and on the understanding that any person acting upon or in reliance on it, does so entirely at his or her own risk.

Mirae Asset accepts no liability for any loss or damage of any kind resulting out of the unauthorised use of this document. This document is issued by Mirae Asset and has not been reviewed by the Securities and Futures Commission of Hong Kong.

Contact:
Pallase Tsang
Assistant Manager of Marketing Communications
Tel: +852 3555 5821
Email: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that CollabNet (www.collabnet.com) a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The CEO of CollabNet Flint Brenton will also present about DevOps challenges in today’s global, open, and heterogeneous world of software development.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...