UBS On-Air: Market Moves Top of the Morning: Emerging Markets - Back in the spotlight
Jul 10, 2025
Alejo Czerwonko, Chief Investment Officer for Emerging Markets Americas with UBS, returns to discuss the resurgence of emerging markets. He reviews the key drivers shaping investor sentiment, from rising tariffs to geopolitical tensions, and how they impacted the first half of 2025. Alejo shares insights into the promising investment opportunities in regions like China and Brazil, fueled by strong economic fundamentals and a weakening U.S. dollar. Tune in for a deep dive into strategies for navigating the evolving landscape of emerging markets!
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Historic First Half of 2025
- The first half of 2025 has been historic with record highs in U.S. tariffs and geopolitical tensions. - Emerging markets and international stocks have outperformed U.S. stocks significantly this year.
Key Drivers to Watch
- Investors should watch four key drivers: U.S. policy shifts, geopolitical risks, de-dollarization, and transformation innovation. - Diversify geographically and include real assets like gold and private equity to mitigate geopolitical shocks.
Dollar Depreciation Outlook
- The U.S. dollar is expected to depreciate gradually, not collapse, as investors diversify globally. - Questions about U.S. exceptionalism are affecting capital flows and currency valuations.