China and the other BRIC countries are becoming increasingly important in the global economy. Research into macro economic trends in these regions was highlighted by S&P Equity Research wealth management clients as being of particular value to them, not just as a window into these markets, but also to provide an understanding of their impact on other economies around the world.
The agreement with Trusted Sources sees S&P Equity Research as the main distributor of EM Judgment, a dedicated product for wealth managers, which each month provides subscribers with a top-down macro strategy piece on the BRICs, two thematic chartbooks providing a succinct overview of important themes, and a concise opinion piece known as the TS View.
Yannick Matthieu, Vice President of Standard & Poor's Equity Research, said: "Until recently, a strong understanding of the BRIC economies and other major emerging markets had been the preserve of emerging markets specialists. No private manager or adviser today, however, can afford not to have access to good judgment on the impact of China. But beyond that, India, Russia, Brazil and oil and gas-producing nations, in which the accumulation of vast external surpluses and reserves is the norm, are also of growing importance.
"Some of our largest wealth management clients asked us to provide them with insightful research on those markets. It is as a result of this that we are working with Trusted Sources, which is a leading independent firm offering top-down research focused on country risk in the BRICs and the investment opportunities arising from policy changes. EM Judgment is a unique product that we believe can add value for our clients."
Trusted Sources have 14 analysts and a global macro team with offices based in Moscow, New Delhi, Sao Paulo and London, and a new office opening in Beijing this summer. The teams have decades of on-the-ground experience in their respective markets, native language capabilities and extensive local connections. Chief Economist, Larry Brainard, a noted analyst on emerging markets with more than 30 years of experience in economic research and investment strategy, will work closely with the lead analysts for each of the BRIC countries and feed global top-down research into the individual country analyses.
Nicholas Mather, a founder and the Chief Executive of Trusted Sources, said: "We are delighted to work with S&P Equity Research and bring to its wealth management clients experienced judgment on developments and issues in the BRICs and other emerging markets, highlighting what these mean for portfolio allocation strategies and selected country-focused themes."