On July 16, Chris Kushlis, Chief Macro Strategist for Emerging Markets at PIMCO, commented on the outlook for emerging markets, stating that despite rising geopolitical uncertainties, the overall outlook for emerging markets remains positive. Strong fundamentals, declining inflation, and higher yields continue to support emerging market assets, even as investors face a more uncertain global environment. The market is currently focused on the possibility of further interest rate hikes by the Federal Reserve, but under the existing conditions, emerging market assets are more likely to see moderate gains rather than a significant deterioration in risk sentiment.