Pension funding has been an issue in many parts of the world and has certainly been a hot topic in Brazil. President Jair Bolsonaro’s election ignited market optimism on promises to reform pensions to get Brazil’s fiscal house on a firmer footing. The probability of this being delivered has increased considerably after approval of a new pension reform bill in Brazil’s lower Congress. Franklin Templeton Emerging Markets Equity’s Gustavo Stenzel and Marcos Mundim weigh in on what the breakthrough means for the country, and for investors.
South Africa’s ruling African National Congress party maintained its power, winning the national elections this month. But can the country’s leaders stamp out corruption, and spur more robust economic growth? Franklin Templeton Emerging Markets Equity’s Danesh Ranchhod shares the team’s view on the election and the implications for investors.
Malaysia’s general election resulted in a stunning upset, ending the rule of the party that had been in power more than 60 years, since the country gained independence. Franklin Templeton Emerging Markets Equity’s Gerald Sheah discusses the implications of the opposition-party victory there, a momentous event in Malaysia’s history.
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