Topline — HSBC EM23
76 respondents · Unweighted · 325 questions · generated 2026-09-21 13:55 UTC
Provisional: live fieldwork, 76 interviews so far. Percentages are of each
question's valid base (missing/not-asked excluded). Right-hand grey figure = count.
q1 What is your job role?
Base: 76
q2 In which region are you located?If you are regularly located in more than one region, please select the region in which you are primarily or most frequently located
Base: 76
Europe, Middle East & Africa (EMEA)
42.1%
32
m3_1 m3 - In which regions are you invested in emerging markets? Please select all that apply Africa
Base: 30
m3_2 m3 - In which regions are you invested in emerging markets? Please select all that apply Asia
Base: 57
m3_3 m3 - In which regions are you invested in emerging markets? Please select all that apply Central and Eastern Europe
Base: 33
Central and Eastern Europe
100.0%
33
m3_4 m3 - In which regions are you invested in emerging markets? Please select all that apply Latin America
Base: 42
m3_5 m3 - In which regions are you invested in emerging markets? Please select all that apply Middle East
Base: 30
m4_1 m4 - Which of the following emerging market asset classes are you responsible for? Please select all that apply Equities
Base: 67
m4_2 m4 - Which of the following emerging market asset classes are you responsible for? Please select all that apply FX & Commodities
Base: 16
m4_3 m4 - Which of the following emerging market asset classes are you responsible for? Please select all that apply Rates
Base: 18
m4_4 m4 - Which of the following emerging market asset classes are you responsible for? Please select all that apply Sovereign credit
Base: 20
q5 What is the approximate level of your firm’s overall Assets Under Management (AUM)?
Base: 76
Between $1bn and $10bn
34.2%
26
Between $10bn and $100bn
22.4%
17
q6 What is the approximate level of your firm’s AUM that is invested in Emerging Markets?
Base: 76
Between $1bn and $10bn
36.8%
28
Between $500m and $1bn
11.8%
9
q7 What is your current view about emerging markets in general over the next 3 months? Would you say you are:
Base: 76
q8_1 q8 - What is your current positioning in emerging markets for each of the following? Equities
Base: 67
q8_2 q8 - What is your current positioning in emerging markets for each of the following? FX & Commodities
Base: 16
q8_3 q8 - What is your current positioning in emerging markets for each of the following? Rates
Base: 18
q8_4 q8 - What is your current positioning in emerging markets for each of the following? Sovereign credit
Base: 20
q9_1 q9 - What is your current positioning in the emerging markets in the region(s) where you are invested? Africa
Base: 30
q9_2 q9 - What is your current positioning in the emerging markets in the region(s) where you are invested? Asia
Base: 57
q9_3 q9 - What is your current positioning in the emerging markets in the region(s) where you are invested? Central and Eastern Europe
Base: 33
q9_4 q9 - What is your current positioning in the emerging markets in the region(s) where you are invested? Latin America
Base: 42
q9_5 q9 - What is your current positioning in the emerging markets in the region(s) where you are invested? Middle East
Base: 30
q10 What is your current cash holding (% of AUM)?
Base: 76
q11 Compared to the previous 3 months, how do you plan to change your cash holdings over the next 3 months?
Base: 76
Keep broadly the same
57.9%
44
q12 On a scale of 0 to 10, where 0 is “no risk”, and 10 is “highest risk” how would you quantify the level of risk you are currently willing to take in emerging markets?
Base: 76
q13 How do you expect growth in emerging markets to change over the next 12 months?
Base: 76
Stay broadly the same
25.0%
19
q14 How do you expect inflation in emerging markets to change over the next 12 months?
Base: 76
Stay broadly the same
50.0%
38
q15 How do you expect US/DM inflation to change over the next 12 months?
Base: 76
Stay broadly the same
35.5%
27
m15_1 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies China
Base: 22
m15_2 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies India
Base: 16
m15_3 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Indonesia
Base: 4
m15_4 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Korea
Base: 18
m15_5 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Malaysia
Base: 1
m15_6 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Philippines
Base: 4
m15_7 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Thailand
Base: 2
m15_8 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Taiwan
Base: 6
m15_9 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Vietnam
Base: 15
m15_10 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Egypt
Base: 4
m15_11 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Nigeria
Base: 2
m15_12 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies South Africa
Base: 8
m15_13 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Saudi Arabia
Base: 3
m15_14 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies UAE
Base: 7
m15_15 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Turkey
Base: 3
m15_17 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Poland
Base: 3
m15_21 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Ukraine
Base: 3
m15_22 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Argentina
Base: 4
m15_23 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Brazil
Base: 14
m15_24 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Chile
Base: 6
m15_25 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Colombia
Base: 4
m15_26 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Mexico
Base: 4
m15_27 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Peru
Base: 1
m15_28 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Greece
Base: 2
m15_29 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Israel
Base: 1
m15_30 m15 - In which emerging market economies do you expect the biggest growth acceleration over the next 12 months? Please select up to three economies Prefer not to say
Base: 14
Prefer not to say
100.0%
14
m16_1 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies China
Base: 6
m16_2 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies India
Base: 9
m16_3 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Indonesia
Base: 4
m16_4 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Korea
Base: 3
m16_5 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Malaysia
Base: 3
m16_6 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Philippines
Base: 3
m16_7 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Thailand
Base: 7
m16_8 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Taiwan
Base: 4
m16_10 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Egypt
Base: 1
m16_11 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Nigeria
Base: 4
m16_12 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies South Africa
Base: 2
m16_13 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Saudi Arabia
Base: 3
m16_14 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies UAE
Base: 1
m16_15 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Turkey
Base: 2
m16_16 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Hungary
Base: 4
m16_18 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Romania
Base: 1
m16_19 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Czech Republic
Base: 1
m16_20 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Russia
Base: 12
m16_21 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Ukraine
Base: 9
m16_22 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Argentina
Base: 5
m16_24 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Chile
Base: 1
m16_25 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Colombia
Base: 9
m16_26 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Mexico
Base: 4
m16_28 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Greece
Base: 1
m16_29 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Israel
Base: 6
m16_30 m16 - In which emerging market economies do you expect the biggest growth deceleration over the next 12 months? Please select up to three economies Prefer not to say
Base: 28
Prefer not to say
100.0%
28
m17_1 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies China
Base: 3
m17_2 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies India
Base: 5
m17_3 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Indonesia
Base: 2
m17_4 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Korea
Base: 3
m17_6 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Philippines
Base: 2
m17_7 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Thailand
Base: 2
m17_8 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Taiwan
Base: 2
m17_9 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Vietnam
Base: 2
m17_10 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Egypt
Base: 2
m17_11 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Nigeria
Base: 1
m17_12 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies South Africa
Base: 2
m17_13 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Saudi Arabia
Base: 1
m17_15 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Turkey
Base: 10
m17_16 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Hungary
Base: 1
m17_18 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Romania
Base: 1
m17_20 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Russia
Base: 13
m17_21 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Ukraine
Base: 1
m17_22 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Argentina
Base: 6
m17_23 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Brazil
Base: 4
m17_24 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Chile
Base: 1
m17_25 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Colombia
Base: 4
m17_26 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Mexico
Base: 2
m17_28 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Greece
Base: 2
m17_29 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Israel
Base: 4
m17_30 m17 - In which emerging market economies do you expect the biggest inflation acceleration over the next 12 months? Please select up to three economies Prefer not to say
Base: 37
Prefer not to say
100.0%
37
m18_1 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies China
Base: 8
m18_2 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies India
Base: 1
m18_5 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Malaysia
Base: 1
m18_6 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Philippines
Base: 1
m18_7 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Thailand
Base: 1
m18_10 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Egypt
Base: 4
m18_11 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Nigeria
Base: 3
m18_12 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies South Africa
Base: 4
m18_13 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Saudi Arabia
Base: 2
m18_14 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies UAE
Base: 2
m18_15 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Turkey
Base: 7
m18_16 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Hungary
Base: 1
m18_17 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Poland
Base: 1
m18_19 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Czech Republic
Base: 1
m18_20 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Russia
Base: 1
m18_21 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Ukraine
Base: 3
m18_22 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Argentina
Base: 9
m18_23 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Brazil
Base: 10
m18_24 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Chile
Base: 5
m18_25 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Colombia
Base: 1
m18_26 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Mexico
Base: 3
m18_27 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Peru
Base: 5
m18_28 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Greece
Base: 1
m18_29 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Israel
Base: 4
m18_30 m18 - In which emerging market economies do you expect the biggest inflation deceleration over the next 12 months? Please select up to three economies Prefer not to say
Base: 36
Prefer not to say
100.0%
36
q19 Which of the following do you think is the biggest downside risk to the outlook for emerging markets?
Base: 76
Geopolitical risks
35.5%
27
Return of the stronger US Dollar
22.4%
17
Tariffs/trade tensions escalating
9.2%
7
Fed keeping rates higher for longer than expected
9.2%
7
Recession in major economies
6.6%
5
Fiscal deterioration in major economies
6.6%
5
Volatility in the US bond market
3.9%
3
Other (please specify)
2.6%
2
Financial stability risks
1.3%
1
q19b Which of the following do you think is the biggest upside risk to the outlook for emerging markets?
Base: 76
Reallocation of capital out of the US markets
34.2%
26
Strong rebound in China
21.1%
16
Rate cuts by major central banks
21.1%
16
Easing of geopolitical tensions
13.2%
10
Trade tensions easing
5.3%
4
Soft landing in major economies
3.9%
3
q19_3_1 q19_3 - If you could consider the pricing environment for the following commodities, would you expect prices in the next 6 months to…? Energy commodities
Base: 76
Experience some increase
36.8%
28
Be broadly unchanged
21.1%
16
Experience some decrease
17.1%
13
Significantly increase
17.1%
13
Significantly decrease
2.6%
2
q19_3_2 q19_3 - If you could consider the pricing environment for the following commodities, would you expect prices in the next 6 months to…? Agricultural commodities
Base: 76
Be broadly unchanged
38.2%
29
Experience some increase
34.2%
26
Significantly increase
13.2%
10
Experience some decrease
7.9%
6
q19_3_3 q19_3 - If you could consider the pricing environment for the following commodities, would you expect prices in the next 6 months to…? Base metals
Base: 76
Experience some increase
40.8%
31
Significantly increase
27.6%
21
Be broadly unchanged
17.1%
13
Experience some decrease
7.9%
6
Significantly decrease
1.3%
1
q19_5a How likely do you believe there will be a recession in the US in the next 12 months?”
Base: 76
Neither likely nor unlikely
15.8%
12
q19_5b The Federal Open Market Committee (FOMC)'s median projection for the federal funds rate is 3.375% at the end of 2026.Do you expect the actual rate at the end of 2026 to be higher, lower, or broadly in line with this projection?
Base: 76
q19_5c How likely do you believe that there will be a Global Recession in the next 12 months?
Base: 76
Neither likely nor unlikely
18.4%
14
q19d How likely do you think it is that a strong acceleration in US economic growth will result in increased capital flows into the US at the expense of emerging markets over the next 12 months?
Base: 76
Neither likely nor unlikely
17.1%
13
q19e Thinking about EM’s structural outlook, how do you expect EM to perform overall relative to DM over the medium term (3–5 years)?
Base: 76
Moderately outperform
67.1%
51
Significantly outperform
21.1%
16
Moderately underperform
6.6%
5
Roughly equal performance
2.6%
2
q20 Do you think that emerging market currencies will appreciate, depreciate or stay broadly the same vs the US Dollar over the next 3 months?
Base: 76
Stay broadly the same
22.4%
17
m21_1 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies CNY
Base: 22
m21_2 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies INR
Base: 1
m21_3 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies IDR
Base: 2
m21_4 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies KRW
Base: 8
m21_5 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies MYR
Base: 2
m21_6 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies PHP
Base: 1
m21_7 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies THB
Base: 2
m21_8 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies EGP
Base: 3
m21_10 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies ZAR
Base: 9
m21_11 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies TRY
Base: 5
m21_12 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies HUF
Base: 2
m21_13 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies PLN
Base: 1
m21_15 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies CZK
Base: 1
m21_16 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies RUB
Base: 1
m21_17 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies UAH
Base: 2
m21_18 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies ARS
Base: 4
m21_19 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies BRL
Base: 16
m21_20 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies CLP
Base: 4
m21_21 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies COP
Base: 4
m21_22 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies MXN
Base: 5
m21_23 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies PEN
Base: 1
m21_24 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies ILS
Base: 1
m21_25 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies TWD
Base: 2
m21_26 m21 - Which emerging market currency do you think has a more favourable outlook over the next three months? Please select up to three currencies Prefer not to say
Base: 26
Prefer not to say
100.0%
26
m22_2 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies INR
Base: 5
m22_3 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies IDR
Base: 3
m22_4 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies KRW
Base: 1
m22_5 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies MYR
Base: 1
m22_6 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies PHP
Base: 1
m22_7 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies THB
Base: 4
m22_9 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies NGN
Base: 1
m22_10 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies ZAR
Base: 8
m22_11 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies TRY
Base: 4
m22_12 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies HUF
Base: 1
m22_13 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies PLN
Base: 2
m22_14 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies RON
Base: 1
m22_15 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies CZK
Base: 2
m22_16 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies RUB
Base: 10
m22_18 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies ARS
Base: 5
m22_19 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies BRL
Base: 2
m22_20 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies CLP
Base: 2
m22_21 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies COP
Base: 3
m22_22 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies MXN
Base: 5
m22_23 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies PEN
Base: 1
m22_24 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies ILS
Base: 2
m22_25 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies TWD
Base: 3
m22_26 m22 - Which emerging market currency do you think has a less favourable outlook over the next three months? Please select up to three currencies Prefer not to say
Base: 41
Prefer not to say
100.0%
41
q23 Do you think the policy rates in emerging markets will be higher, lower, or broadly the same in 3 months’ time?
Base: 76
q24 Do you think US/DM policy rates will be higher, lower, or broadly the same in 12 months’ time?
Base: 76
q26 Which sub-asset class do you prefer in the Fixed Income space?
Base: 27
Local currency debt
55.6%
15
m24_1 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies China
Base: 2
m24_2 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies India
Base: 3
m24_4 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Korea
Base: 1
m24_5 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Malaysia
Base: 1
m24_7 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Thailand
Base: 1
m24_8 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Egypt
Base: 2
m24_9 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Nigeria
Base: 3
m24_10 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies South Africa
Base: 5
m24_11 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Turkey
Base: 1
m24_12 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Hungary
Base: 1
m24_13 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Poland
Base: 1
m24_14 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Romania
Base: 1
m24_16 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Russia
Base: 1
m24_17 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Ukraine
Base: 1
m24_18 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Argentina
Base: 1
m24_19 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Brazil
Base: 9
m24_20 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Chile
Base: 1
m24_21 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Colombia
Base: 3
m24_22 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Mexico
Base: 3
m24_23 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Peru
Base: 1
m24_24 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Sri Lanka
Base: 2
m24_25 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Israel
Base: 1
m24_26 m24 - Which emerging local bond market do you think has a more favourable outlook over the next three months? Please select up to three economies Prefer not to say
Base: 3
m25_1 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies China
Base: 3
m25_2 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies India
Base: 2
m25_3 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Indonesia
Base: 1
m25_4 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Korea
Base: 1
m25_7 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Thailand
Base: 1
m25_10 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies South Africa
Base: 2
m25_11 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Turkey
Base: 5
m25_14 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Romania
Base: 1
m25_16 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Russia
Base: 4
m25_17 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Ukraine
Base: 3
m25_18 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Argentina
Base: 1
m25_19 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Brazil
Base: 1
m25_21 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Colombia
Base: 3
m25_22 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Mexico
Base: 2
m25_25 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Israel
Base: 1
m25_26 m25 - Which emerging local bond market do you think has a less favourable outlook over the next three months? Please select up to three economies Prefer not to say
Base: 9
m27_1 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies China
Base: 2
m27_2 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies India
Base: 4
m27_3 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Indonesia
Base: 1
m27_4 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Korea
Base: 3
m27_7 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Thailand
Base: 1
m27_8 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Egypt
Base: 1
m27_9 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Nigeria
Base: 3
m27_10 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies South Africa
Base: 1
m27_11 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Turkey
Base: 1
m27_13 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Poland
Base: 1
m27_14 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Romania
Base: 1
m27_16 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Russia
Base: 1
m27_17 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Ukraine
Base: 2
m27_18 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Argentina
Base: 2
m27_19 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Brazil
Base: 2
m27_20 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Chile
Base: 3
m27_21 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Mexico
Base: 1
m27_22 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Peru
Base: 2
m27_23 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Sri Lanka
Base: 1
m27_25 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Colombia
Base: 1
m27_26 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Israel
Base: 2
m27_27 m27 - In external debt, which emerging market economy has a more favourable outlook over the next three months? Please select up to three economies Prefer not to say
Base: 8
m28_1 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies China
Base: 2
m28_3 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Indonesia
Base: 2
m28_4 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Korea
Base: 1
m28_6 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Philippines
Base: 2
m28_7 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Thailand
Base: 1
m28_10 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies South Africa
Base: 1
m28_11 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Turkey
Base: 2
m28_12 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Hungary
Base: 1
m28_13 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Poland
Base: 1
m28_16 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Russia
Base: 3
m28_17 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Ukraine
Base: 2
m28_18 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Argentina
Base: 2
m28_19 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Brazil
Base: 2
m28_21 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Mexico
Base: 1
m28_22 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Peru
Base: 1
m28_23 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Sri Lanka
Base: 2
m28_24 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Saudi Arabia
Base: 1
m28_25 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Colombia
Base: 2
m28_26 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Israel
Base: 1
m28_27 m28 - In external debt, which emerging market economy has a less favourable outlook over the next three months? Please select up to three economies Prefer not to say
Base: 10
Prefer not to say
100.0%
10
q29 Do you think emerging markets equities will be higher, lower or broadly the same over the next three months?
Base: 76
q30 Do you think emerging market equities will outperform, underperform or perform broadly in line with developed world equities over the next three months?
Base: 75
Perform broadly in line
13.3%
10
m31_1 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies China
Base: 16
m31_2 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies India
Base: 5
m31_3 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Indonesia
Base: 2
m31_4 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Korea
Base: 15
m31_5 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Malaysia
Base: 2
m31_6 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Taiwan
Base: 10
m31_8 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Thailand
Base: 2
m31_9 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Egypt
Base: 1
m31_10 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Saudi Arabia
Base: 2
m31_11 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies UAE
Base: 1
m31_12 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies South Africa
Base: 6
m31_13 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Turkey
Base: 4
m31_14 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Hungary
Base: 3
m31_15 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Poland
Base: 2
m31_16 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Czech Republic
Base: 1
m31_18 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Russia
Base: 1
m31_19 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Brazil
Base: 18
m31_20 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Chile
Base: 2
m31_22 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Mexico
Base: 1
m31_23 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Peru
Base: 1
m31_24 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Greece
Base: 1
m31_25 m31 - Which emerging equity market do you think has a more favourable outlook over the next three months? Please select up to three economies Prefer not to say
Base: 24
Prefer not to say
100.0%
24
m32_1 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies China
Base: 8
m32_2 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies India
Base: 6
m32_3 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Indonesia
Base: 3
m32_5 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Malaysia
Base: 1
m32_6 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Taiwan
Base: 2
m32_7 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Philippines
Base: 1
m32_8 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Thailand
Base: 1
m32_9 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Egypt
Base: 3
m32_10 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Saudi Arabia
Base: 4
m32_11 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies UAE
Base: 3
m32_12 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies South Africa
Base: 2
m32_13 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Turkey
Base: 5
m32_14 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Hungary
Base: 4
m32_17 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Romania
Base: 2
m32_18 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Russia
Base: 13
m32_21 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Colombia
Base: 7
m32_23 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Peru
Base: 1
m32_24 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Greece
Base: 2
m32_25 m32 - Which emerging equity market do you think has a less favourable outlook over the next three months? Please select up to three economies Prefer not to say
Base: 30
Prefer not to say
100.0%
30
q33_A To what extent, if at all, is sustainability incorporated into your investment decision-making?
Base: 76
m34_A Which of the following best describes your firm’s approach to incorporating sustainability or ESG information when considering investment choices?
Base: 76
Screening - exclude / include stocks from specific sectors based on values or ethics
17.1%
13
Scoring / Rating - assign scores to / rate stocks based on historical ESG/sustainability performance
15.8%
12
Identifying material issues – factoring in to risk assessment and value creation potential
15.8%
12
Integration & Engagement - incorporating sustainability or ESG issues at all stages of the investment process; work with
14.5%
11
Thematic investing – focusing on a particular issue such as climate, water, SDGs, social
7.9%
6
q35_A What is the biggest obstacle to achieving net-zero emissions in emerging markets?
Base: 76
Lack of clear planning
17.1%
13
Lack of investable opportunities
17.1%
13
Lack of regulation
15.8%
12
Other (please specify)
2.6%
2
q36_A In your view, which regulations or government support measures would need to be improved to boost sustainable investing in EM?
Base: 76
Subsidies or fiscal incentives from the government
39.5%
30
Sustainability reporting/disclosure requirements
13.2%
10
Sustainable finance taxonomy
7.9%
6
Sustainability fund rules
3.9%
3
Other (please specify)
1.3%
1
q37_A What is the biggest corporate governance risk in emerging markets?
Base: 76
Minority shareholder protection
34.2%
26
Board practices and leadership
25.0%
19
Disclosure practices
17.1%
13
Other (please specify)
6.6%
5
Other (please specify)
1.3%
1
q43 Please select your age group:
Base: 76
q44 Please select your sex:
Base: 76
Label2 Thank you for participating in our survey. If you would like us to send you the aggregated raw data for the questions below, please select yes.What is your current view about emerging markets in general over the next 3 months?What is your curr
Base: 76
Label3 We will be offering participants aggregated raw data in future waves too. We are therefore looking to formalise our panel of emerging market investors.If you would like to be included in the panel, and receive aggregated data for each wave of
Base: 76