Ashmore's Jan Dehn Sees Trump Benefiting Emerging Markets

The video discusses the impact of Trump's policies on emerging markets, highlighting that despite initial fears, these markets have benefited, with bonds and currencies performing well. It emphasizes the significant FX reserves held by emerging markets, which can be used as a defense against adverse US policies. The potential for trade wars, particularly between the US and China, is explored, with the conclusion that such a scenario is unlikely. The video also examines China's strategic shift from export-led to domestic demand-led growth, showcasing its effective management of economic transitions.

What has been the effect of Trump's policies on emerging market bonds?

• They have remained stable with no significant change.

• They have been negatively impacted by U.S. policies.

• They have outperformed developed market bonds.

• They have underperformed compared to developed market bonds.

What is a potential defense mechanism for emerging markets against aggressive U.S. economic policies?

• Reducing foreign exchange reserves

• Divesting dollar assets and supporting each other

• Increasing import tariffs

• Investing in more U.S. assets

What is the probability of a full-blown trade war between the U.S. and China according to the transcript?

• Certain, as it has already started

• Moderate, with some uncertainty

• Very high, as suggested by recent tweets

• Low, contrary to what tweets might imply

How does immigration contribute to the U.S. economic growth according to the transcript?

• It contributes to 25% of the current growth rate.

• It has no significant impact on growth.

• It is responsible for 50% of the growth rate.

• It negatively impacts the growth rate.

What strategy is China employing to prepare for a more hostile external environment?

• Increasing exports to the U.S.

• Focusing on domestic demand-led growth

• Reducing domestic consumption

• Relying on foreign investments