Financial Intelligence is part of the Informa Intelligence Division of Informa PLC
This is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Cameron Brandt, EPFR Director of Research, reflects on how he sees November unfolding:
After a month in the spotlight, Europe will cede center stage - temporarily - to the US and a number of emerging markets with Brazil at the top of the list.
Brazil’s recent election of right-of-center populist Jair Bolsonaro has been greeted with a flood of fresh money into Brazil Equity ETFs. While the willingness of investors to wait for results keeps shrinking, their appetite for the early stages of an emerging markets reform story remains strong and there is a good chance November will be a record setting month – in flow terms -- for Brazil Equity Funds.
India is the current poster child of the what-have-you-done-lately attitude to EM reform stories. Moves by the government to conduct a Venezuelan-style raid on the central bank’s “excess reserves” in order to dress up a fiscal balance under pressure from rising oil imports may be setting the stage for a very rough month for India’s financial markets.
The importance of US mid-term elections for markets is usually overstated. Look for a modest rebound in US markets if the one on Nov. 6 restores divided government, something investors view as insurance against the worst excesses of the two major parties.
While the focus in Europe will be largely on Italy, the political fortunes of German Chancellor Angela Merkel and the progress of the UK-EU Brexit negotiations, Spain may prove to be November’s wild card. Spain’s minority socialist government is also testing the EU budget limits, and rising pressure from Catalan separatists may encourage it to take a more confrontational stance with the EU so as to (a) boost its domestic standing and (b) free up resources to throw at the Catalan issue.
iMoneyNet - Money Market Fund Analysis
Serving institutional clients worldwide, we provide premier data for competitive intelligence and money market fund analysis delivering fast, accurate information for more than 2,000 US and offshore money funds as well as for ultrashort bonds.
You need to constantly demonstrate your value in today’s competitive marketplace to show you are the investment professional of choice. Powerful web-based tools can help you make sound investment decisions and create compelling client presentations to deliver the advantage you need to build your business. That’s Zephyr—your smartest investment yet!
You’ll be able to understand market trends, uncover opportunities and develop long-term growth strategies with access to confidential data from over 100 leading financial services providers – data that’s not available from anywhere else.