Investors are eyeing gains in emerging markets stocks and a cooling of their currencies amid an unprecedented global decoupling in the direction of interest rates.
While the U.S. Federal Reserve has delivered aggressive interest rate hikes since March 2022, major emerging market countries like Brazil, Chile and Hungary have kickstarted rate cutting cycles to spur their economies.
It is not just the early aggressive hikers in Latin America and emerging Europe who are easing – Vietnam and China have also delivered rate cuts in recent months.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
