A longer watch. 

In this exclusive interview, Bilal Khan, portfolio manager in First State Investments’ emerging markets debt team, talks Sam Shaw through the political picture in the developing world.

In a big year for elections, he picks out polls in Argentina and Turkey as the big ones to watch; both these economies took up a fair few column inches in the financial pages in 2018. With uncertainty, can come opportunity.

Bilal believes we are entering an “unknown era” for investors emerging markets, characterised by central banks moving on from negative interest rates, while these territories will also be heavily influenced by what goes on in the US and the Fed’s hiking cycle.

How the emerging versus develop market growth story pans out will be key to any investor’s outlook for 2019.