Emerging market (EM) equities have rebounded by more than 40% from the lows reached in March, due in large part to the tremendous monetary and fiscal stimulus in both developed and EM countries. While we all await clarity on a second wave of COVID-19, the timing of vaccine development, and the outcome of the US election, we’d like to discuss five questions that are shaping our thoughts at State Street Global Advisors on EM equities right now.

This research paper, by Eaton Vance, picks up on the empirically documented relationship between economic policy and asset prices, and seeks to identify key determinants of economic policy change.

The global economy has rebounded from the lows reached in March and April but momentum has waned as rising cases of COVID-19 have forced some regions to once again restrict activity. Jim Cielinski, Global Head of Fixed Income at Janus Henderson Investors, discusses whether credit markets can remain immune to the economic fragility.

Pension funds will be required to report the risks that climate change could have on investments under new rules and investors are demanding accountability from companies.

CTI's Chris Wagstaff reflects on the principal considerations in approaching, and the obstacles to be overcome in implementing, an effective climate change risk management policy.

In terms of hard facts, most fiduciaries know very little about their UK defined contribution (DC) pension members. But data are critical to making the right choices for the default investment strategy. AllianceBernstein (AB) outline their proven process to achieve better member outcomes.

Columbia Threadneedle Invetments' Chris Wagstaff considers what climate change risk comprises through the lens of an institutional asset owner.

Letter to investors

In the wake of severe credit-market dislocations earlier this year, Wellington Management’s Mahmoud El-Shaer shares his thoughts on the growing importance of credit research in a still-uncertain environment.