Research Unplugged_ Emerging Markets Cross-Asset Outlook 2025

Summary of Key Points from the Conference Call Industry Overview - The conference call focused on the Emerging Markets outlook for 2025, discussing various asset classes including Equities, Rates, and FX [2][3][4]. Core Insights and Arguments - Domestic Reliance Amid External Risks: The speakers emphasized that emerging markets are increasingly relying on domestic factors while facing external risks, which could impact their equity strategies for 2025 [2][3]. - Global and Domestic Influences: The discussion highlighted the importance of both global and domestic factors in shaping the outlook for emerging markets, suggesting that investors should consider these influences when making investment decisions [2][3]. - Top Trades: The speakers shared their top trades within each asset class, indicating specific strategies that could be beneficial in the current market environment [2][3]. Additional Important Content - Analyst Team: The call featured insights from a team of analysts including Kamakshya Trivedi (Head of Global FX, Rates, and EM Strategy), Sunil Koul (EM Equity Strategist), Tadas Gedminas (EM Rates Strategist), and Teresa Alves (EM FX Strategist) [2][3]. - Research Context: The conference was part of Goldman Sachs' broader research efforts, which include various macro outlooks and sector-specific analyses, indicating a comprehensive approach to investment research [4][5]. - Potential Conflicts of Interest: The analysts noted that Goldman Sachs may have business relationships with companies covered in their research, which could affect the objectivity of their reports [3][9]. This summary encapsulates the key points discussed during the conference call, providing insights into the emerging markets' outlook and the strategic considerations for investors.