After more than a decade of disappointment, emerging market equities mounted a strong comeback in 2025. The MSCI Emerging Equities Markets Index surged 33.6% last year, compared to a 21.1% gain posted by its developed markets equivalent. This was a remarkable turnaround from years of underperformance that saw the index drop over 40% from its…
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The world economy and markets have experienced multiple disruptions over the past six years. From the COVID-19 economic shutdowns in 2020 and the cost-of-living crisis in 2022, to the 7 October 2023 attacks in Israel and this year’s war in Iran, along with the AI boom and the software bust, we have experienced what it…
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Markets endured another week of volatile trading as investors tried to make sense of the trajectory of the US-Israeli military campaign against Iran. US President Donald Trump’s suggestion that the campaign would wrap up in two to three weeks boosted optimism early in the week – which gave way to anxiety following his address to…
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Four weeks into the US-Israeli campaign against Iran, the media landscape is proving to be as consequential a battlefront as the Persian Gulf. As Bloomberg observed this week, each side has kept up attacks even amidst renewed efforts to ‘jawbone’* the other into a resolution. US President Donald Trump can claim he is correct in…
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Three weeks into the US-Israel military campaign against Iran, the conflict appears to have entered a dangerous new phase. Israeli strikes on South Pars, the world’s largest natural gas field, prompted Tehran to retaliate with attacks on energy infrastructure across neighbouring Gulf states. Markets responded swiftly to the prospects of a wider regional war and…
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