The Emerging Markets were flat for the month of October as Evergrande, mentioned in the previous month’s commentary, paid out a second delayed coupon within a grace period on Friday, sending a wave of relief across debt markets.

Brazil saw senators vote in favour of charging President Jair Bolsonaro over his handling of the coronavirus pandemic, leading to equities to slide.

While both Russia and Mexico missed expected forecasts, as, real wages in Russia only grew by 1.5% compared to 3.5% and Mexico’s GDP growth figures indicate a mild contraction (-0.2% GDP growth) compared to an expected forecast of a moderate expansion.

Emerging Market RegionsOctober performance
MSCI Emerging Markets Europe IMI2.41%
MSCI AC Asia ex Japan0.87%
MSCI Emerging Markets IMI0.18%
MSCI Japan IMI-3.01%
MSCI Emerging Markets Latin America-7.89%
Data provided by FE fundinfo 2021

Emerging Market sectorsOctober performance
Consumer discretionary6.19%
Consumer staples-1.35%
Real Estate-4.90%
Consumer Services-5.47%
Health Care-7.78%
Leisure products-11.87%
Data provided by FE fundinfo 2021