EM Fund Stock Recommendations and Country Commentary (April 26, 2026)

I’m leaving for Korea (Seoul/Jeonju/Busan/etc.) tomorrow on frequent flyer miles (meaning a long layover to and from Taipei) and Monday’s free mail may or may not be delayed until Tuesday (I’ve already cleared the stuff in my email inbox).

As of late April, more March/Q1 fund updates are available. The post with all the funds is here .) with new studies starting with non-EM works:

• 🔬🌍 Energy testing in the European sector (Amundi) – We expect European companies to perform relatively well in the first quarter. Because the Iran conflict only began in late February, its impact is likely to be more evident in reporting from the second quarter onwards. Most of the share price decline to date has been due to valuation multiple derating due to high equity risk premiums due to uncertain outlook. summation

• 🔬🌏 Asia and the energy shock (Amundi) – Asia is exposed to the Middle East conflict and the resulting rise in oil and gas prices. Most countries in the region are net importers of energy (Malaysia is an exception). Even if transmission against headline inflation remains limited, maintaining cost-of-living support to protect household purchasing power will be costly for the government. summation