Turnill: Significant Risk Priced in for Emerging Markets

The transcript discusses the pricing of risk in emerging markets, influenced by US policies and market dynamics. It highlights both negative impacts, such as currency depreciation and equity falls, and positive trends like upgraded earnings and GDP growth. The discussion also covers the effects of US fiscal policies and interest rates on emerging markets, with a focus on the Mexican peso. Investment strategies are suggested, emphasizing short duration and long dollar positions, while acknowledging the potential for future growth in emerging markets.

What factors are contributing to the current risk pricing in emerging markets?

How does the strength of the dollar and rising US interest rates affect emerging markets?

What is meant by the term 'known unknown' in the context of economic policy?

What are the implications of Trump's policies on the Mexican peso and emerging markets?

In what ways are investors currently adjusting their risk appetite towards emerging markets?