Money managers are preparing portfolios for the disruption expected from what could be the strongest El Niño on record, which is fanning droughts and floods, raising food prices and prompting economists to revise inflation and deficit forecasts. Pictet Asset Management says no part of global asset markets will be fully shielded, while Man Group warned that grid infrastructure, metals and fertilizer could all be affected. T. Rowe Price has turned to custom-made models to protect its $165 billion portfolio of emerging-market debt and equities, and some boutique hedge funds are building strategies around the weather cycle. Analysts Kamesh Korangi and Rose Choy named Indonesia, Brazil and Colombia as the most vulnerable sovereigns, while BNP Paribas Asset Management is closely monitoring carbon-credit projects as El Niño fuels forest fires.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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