GMO Quarterly Letter Q4 2018
Thanks to a subscriber for ths report which may be of interest. Here is a section on the outlook for 2019:
A link to the full report and a section from it are posted in the Subscriber's Area.
There are two particularly pervasive views among institutional investors right now. The first is that emerging markets are due a period of outperformance and are cheap on relative value measures, particularly versus the USA. The second is the Dollar is going down in a big way from here, which of course would boost the prospects for emerging market currencies