Numerous emerging markets are going to the polls in 2019. We survey some of the key results so far and look ahead to the big votes in the second half of the year.
An illustrated look at the elections that matter in 2019.
An illustrated look at the elections that matter in 2019.
Generel election - April
In a television show, ‘Servant of the People’, Volodymyr Zelensky played a schoolteacher who accidentally becomes president. This year he became president for real, winning a huge majority in April’s election on an anti-corruption ticket. Zelensky has sought to reassure sceptical investors by affirming his commitment to reform and refusing populist calls to default on government debt.
General election - April
Joko Widodo beat retired general Prabowo Subianto to win his second term in office as Indonesia’s president, reflecting the popularity of his efforts to tackle corruption, boost growth and reduce poverty. Investors will be hoping for more progress on infrastructure investment and cutting red tape.
General election - May
Having won a decisive victory at the Indian election, Narendra Modi’s Bharatiya Janata Party is expected to use its majority to press ahead with policies to drive economic growth, such as liberalising the labour market and infrastructure development. But while investors welcomed the result, Modi’s divisive brand of Hindu nationalism is a lingering concern.
General election - May
As expected, the African National Congress (ANC) won the general election, but with a reduced parliamentary majority. President Cyril Ramaphosa will now try to tackle corruption to win back disaffected voters, without alienating powerful elements of the ANC. Reforming land laws and bailing out the troubled state energy provider Eskom are other priorities.
General election - October
President Mauricio Macri’s hopes of winning re-election have been damaged by last year’s currency crisis, which stoked inflation and plunged Argentina into recession. He will hope his record in building infrastructure will help him see off populist opposition. Elsewhere in Latin America, Bolivia and Uruguay also hold general elections in October.
This document is for professional clients and advisers only. Not to be viewed by or used with retail clients.
Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (AIGSL). As at 3 July 2019. Unless stated otherwise any views and opinions are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. Information contained herein has been obtained from sources believed to be reliable, but has not been independently verified by Aviva Investors and is not guaranteed to be accurate. Past performance is not a guide to the future. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Nothing in this material, including any references to specific securities, assets classes and financial markets is intended to or should be construed as advice or recommendations of any nature. This material is not a recommendation to sell or purchase any investment.
In the UK & Europe this material has been prepared and issued by AIGSL, registered in England No.1151805. Registered Office: St. Helen’s, 1 Undershaft, London, EC3P 3DQ. Authorised and regulated in the UK by the Financial Conduct Authority. In France, Aviva Investors France is a portfolio management company approved by the French Authority “Autorité des Marchés Financiers”, under n° GP 97-114, a limited liability company with Board of Directors and Supervisory Board, having a share capital of 17 793 700 euros, whose registered office is located at 14 rue Roquépine, 75008 Paris and registered in the Paris Company Register under n° 335 133 229. In Switzerland, this document is issued by Aviva Investors Schweiz GmbH, authorised by FINMA as a distributor of collective investment schemes.
In Singapore, this material is being circulated by way of an arrangement with Aviva Investors Asia Pte. Limited (AIAPL) for distribution to institutional investors only. Please note that AIAPL does not provide any independent research or analysis in the substance or preparation of this material. Recipients of this material are to contact AIAPL in respect of any matters arising from, or in connection with, this material. AIAPL, a company incorporated under the laws of Singapore with registration number 200813519W, holds a valid Capital Markets Services Licence to carry out fund management activities issued under the Securities and Futures Act (Singapore Statute Cap. 289) and Asian Exempt Financial Adviser for the purposes of the Financial Advisers Act (Singapore Statute Cap.110). Registered Office: 1Raffles Quay, #27-13 South Tower, Singapore 048583. In Australia, this material is being circulated by way of an arrangement with Aviva Investors Pacific Pty Ltd (AIPPL) for distribution to wholesale investors only. Please note that AIPPL does not provide any independent research or analysis in the substance or preparation of this material. Recipients of this material are to contact AIPPL in respect of any matters arising from, or in connection with, this material. AIPPL, a company incorporated under the laws of Australia with Australian Business No. 87 153 200 278 and Australian Company No. 153 200 278, holds an Australian Financial Services License (AFSL 411458) issued by the Australian Securities and Investments Commission. Business Address: Level 30, Collins Place, 35 Collins Street, Melbourne, Vic 3000, Australia.
The name “Aviva Investors” as used in this material refers to the global organization of affiliated asset management businesses operating under the Aviva Investors name. Each Aviva investors’ affiliate is a subsidiary of Aviva plc, a publicly- traded multi-national financial services company headquartered in the United Kingdom. Aviva Investors Canada, Inc. (“AIC”) is located in Toronto and is registered with the Ontario Securities Commission (“OSC”) as a Portfolio Manager, an Exempt Market Dealer, and a Commodity Trading Manager. Aviva Investors Americas LLC is a federally registered investment advisor with the U.S. Securities and Exchange Commission. Aviva Investors Americas is also a commodity trading advisor (“CTA”) and commodity pool operator (“CPO”) registered with the Commodity Futures Trading Commission (“CFTC”), and is a member of the National Futures Association (“NFA”). AIA’s Form ADV Part 2A, which provides background information about the firm and its business practices, is available upon written request to: Compliance Department, 225 West Wacker Drive, Suite 2250, Chicago, IL 60606
Please select your investor type to help us deliver the site experience most relevant to you.
For pension schemes, insurers and consultants
This Website is provided exclusively for the use and information of Wholesale Investors (as defined in the Corporations Act (2001) in Australia only.
The Website is not directed at persons in any jurisdiction other than in Australia.
By accessing this Website you hereby acknowledge that this Website is intended for persons who qualify as Wholesale Investors only. You also certify that you possess the experience, knowledge and expertise required to apprehend the risks inherent to financial instruments referred to herein and to make your own investment decisions.
The content of this Website is not to be viewed by or used with persons who are not Wholesale Investors. Those who are not Wholesale Investors are therefore kindly asked to leave this Website.
The Website and its content are not intended for distribution in the United States or to US persons, who are kindly asked to leave the Website as well.
Please note the value of an investment and any income from it can fall as well as rise and an investor may not get back the original amount invested.
Remember me for 180 days