However, given the recent deterioration in the growth outlook in Europe and
several Emerging Market countries, our view is that Canada's larger share of exports will likely have a relatively larger «negative» impact on Canadian growth, and by inference cause the BoC to be more cautious raising policy rates than the Fed.
Not exact matches
As can be seen, the
emerging markets are the main item that changed in this review, mostly because different sources list different
countries in the «
emerging» category, and because
emerging markets have gained quite a bit against developed
markets since I first put my targets together
several years ago.
There are
several that hold high - yield bonds and
emerging market debt, but I'm thinking of something more conservative, such as a fund that invests in the sovereign debt of developed
countries.
When looking at various
countries or regions where we invest, we consider
emerging markets as representing a disproportionate amount of where equity value exists today after
several years of underperformance relative to developed
markets.
You can take a similar broad - based approach to
emerging markets with ETFs that focus on multiple
countries across one or
several regions.
The iShares J.P. Morgan EM Local Currency Bond ETF provides exposure to bond issues across
several emerging markets — a riskier proposition on its face than investing in developed
countries with better credit ratings, which helps explain the high yield.
In parallel, the global economic balance of
countries is shifting and will continue to shift, with the expectation that
emerging market economies will overtake many western
market economies over the next
several decades.
It recently announced an international expansion that includes selling devices in India, Brazil, Russia, Turkey, Mexico and in
several east Asian
countries and
emerging markets later this year.