Emerging Markets

In this Viewpoints paper, Gary Thompson, Head of Trading, explains how overseas investors can get exposure to Chinese A-shares and Chinese Depositary Receipts (CDR).

Brazil has sold off as the market fears the country is in trouble. If the huge pension program is not reformed, it will add expense to a budget already in deficit – and reform has proven extremely difficult. On top of this, there will be a new President elected in October. The race is so open and full of new and anti-establishment candidates, there is a fear that reform may languish along with the country’s finances.