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365 days: 28 December 2018

365 days: 28 December 2018

EM turmoil

As if emerging market assets were not facing enough of a battle against rising US rates, the escalating trade war between the Chinese and US leaders acted as a further deterrent for investors this year. A 90-day truce made during the G20 summit raised hopes for a more permanent deal, but uncertainty remains over whether that will be struck. The arrest of Huawei chief financial officer Meng Wanzhou in Canada following an extradition request from the US threatened to set back progress, although China has so far directed its ire towards Canada by detaining two of its citizens on its soil.       

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