JPMorgan’s Santos Sees ‘Extremely Bullish’ Outlook for EM

The video discusses the current state and future prospects of emerging markets (EM). It highlights the potential for growth due to a cyclical upturn, the impact of the US election with President-elect Biden's policies, and the changing reaction functions of central banks that keep interest rates low. The video expresses a bullish outlook on EM equities, debt, and FX, emphasizing the broader set of emerging markets beyond North Asia and technology.

What is the current state of the MSC IEM index according to the video?

• It is stable with no changes.

• It is declining rapidly.

• It hasn't broken out yet.

• It has broken out significantly.

What percentage of the emerging markets index is cyclical?

• Over 50%

• Over 60%

• Over 70%

• Over 40%

How does the US election result impact emerging markets?

• It causes a decrease in foreign investments.

• It brings a more orthodox foreign policy.

• It leads to more uncertainty in trade policies.

• It results in higher tariffs on imports.

What is the expected impact of central banks' changing reaction functions?

• Interest rates are expected to rise sharply.

• Interest rates are likely to remain low despite good news.

• Interest rates will fluctuate unpredictably.

• Interest rates will be unaffected by economic news.

Which regions have led the emerging markets this year?

• Africa and the Middle East

• North Asia and technology

• Australia and New Zealand

• South America and Europe