As per your request, please find below the latest edition. If this message is not displayed correctly, please click here
Emerging economies: where next?
Investment Solutions - Chief Investment Officer

Dear Investors,

This week we examine the prospects for emerging markets as the US/China dispute calms and a wave of interest rate cuts has boosted growth expectations.

Key takeaways:

  • Emerging markets have the ability to ease interest rates further to stimulate growth
  • We continue to prefer carry strategies in a low interest rate environment
  • We remain overweight emerging market hard currency debt and believe EM currencies are undervalued
  • The US/China trade dispute remains the single greatest risk to emerging economies’ outlooks
  • In the long term, the global economy will depend on emerging markets for more diverse growth sources.


Best regards,


Stéphane Monier
Chief Investment Officer, Lombard Odier Private Bank

Also on this topic
Ten investment convictions for 2020

investment insights


Ten investment convictions for 2020


November 25, 2019

Find it on My LO

All publications are available on My LO.

Discover our socials media


You are receiving this e-mail communication because you, or your relationship manager on your behalf, have requested to receive Lombard Odier’s publications and newsletters via e-mail. Should you wish to stop receiving these communications and its attachments, please contact your relationship manager. For information on Lombard Odier’s data protection policy, please refer to

United States: Neither this document nor any copy thereof may be sent to, taken into, or distributed in the United States or given to any US person. This e-mail communication, including its content and logos, may not be reproduced in whole or in part, transmitted, modified, or used for any public or commercial purpose without the prior written permission of Lombard Odier.

© 2019 Bank Lombard Odier & Co Ltd – all rights reserved. Ref. LOCH-CRM-en032019