Riot police detain a protestor during a demonstration in support of Russian opposition leader Alexey Navalny in Moscow on Jan. 31.

Riot police detain a protestor during a demonstration in support of Russian opposition leader Alexey Navalny in Moscow on Jan. 31.

Photographer: Andrey Rudakov/Bloomberg

The Political Events That Will Impact Emerging Markets in 2021

  • Mexico, South Africa are among countries holding elections
  • Results of votes to help determine market winners and laggards

Elections are set to dominate the political calendar in emerging and frontier markets in a year when investors’ focus turns to how quickly governments are able to lift their economies from the global downturn.

The results of the votes in nations from South Africa to Mexico will help determine the market winners and laggards amid concern over valuation in EM assets after a rally boosted stocks to a record this year. The slew of protests in countries like Russia and Brazil also means that political developments will be closely monitored as traders assess shifts in the investment climate.