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Title

The EM/Oil Tango: Can They Decouple?

Event Description

EM assets have typically outperformed their developed market counterparts when commodity prices, especially oil, are strong, and vice versa.

 

Is this still the case? With Asian economies emerging from coronavirus lockdowns much earlier than the rest, can EM assets now outperform even while real oil prices languish at historical lows?

 

  • EM equities have limited direct or indirect oil content, and EM benchmarks are dominated by countries who are significant oil importers, i.e. beneficiaries of cheap oil.
  • EM debt, especially hard currency-denominated debt is dominated by oil. Petro-credits are extremely vulnerable with contagion effects difficult to predict.
  • The most liquid EM currency pairs are in oil-importing economies, but the primary driver here is global liquidity, risk appetite and the U.S. dollar.


Event Type

Society; Educational; Featured

Education Topic

Economics

Start Time

5/28/2020 12:00 PM

End Time

5/28/2020 1:00 PM

City

Baltimore

State/Province

Maryland

Event Country

 

Event Region

Americas

Location Info

​Webinar - Dial in information provided upon registration

Speaker

Mehran Nakhjavani

CE Credits

1

SER Credit

0

Currency

0

Member Cost

0

Non-Member Cost

20.00

Candidate Price

20.00

Registration

https://cfabaltimore.cfasocietyevents.org/d/bnqgf8/

All Day Event

 

Recurrence

 

Hosted By

 

Event Link

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Event Link Leads To New Tab

Yes

Event Short Info

The EM/Oil Tango: Can They Decouple?

Attachments

Content Type: MyCFA Calendar
Created at 4/30/2020 11:14 AM by rosten@baltimorecfasociety.org
Last modified at 5/18/2020 8:55 AM by rosten@baltimorecfasociety.org