Emerging markets are more risky after Trump's victory

PART of the uncertainty has been lifted, the event has happened. The outcome, however, isn't necessarily one which is friendly towards emerging markets (EM).

A rise in protectionism via higher tariffs for foreign-made products would impact trade flows globally, which would hurt profits, liquidity and flows towards EM.

Until we know more about a Trump administration's policy stance, it is generally not an environment which is friendly towards risk assets.