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Tag "emerging market debt"

Active vs. Passive: Navigating the Emerging Market Debt Landscape

Active vs. Passive: Navigating the Emerging Market Debt Landscape

🕔09:43, 20.Sep 2023

Edward Harrold and Jeremy Cunningham, esteemed Fixed Income Investment Directors, delve into the fascinating realm of emerging market debt (EMD) in their report titled "Local currency EMD – Why it might be time to reconsider an active allocation". At its

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Exploring Routes to Returns in EM Bonds

Exploring Routes to Returns in EM Bonds

🕔08:40, 20.Sep 2023

"Hard and local currency bonds provide different routes to returns" elucidates the distinct attributes and benefits of emerging market (EM) bonds. This asset class presents two primary investment avenues: hard currency-denominated bonds and local currency-denominated bonds. Emerging market hard currency

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Tapping into Booming Credit Sectors: Key Strategies for Fixed Income

Tapping into Booming Credit Sectors: Key Strategies for Fixed Income

🕔10:59, 19.Sep 2023

Essay on Unlocking Income Opportunities The main theme of the text emphasizes the burgeoning income opportunities in the fixed income sector, especially amidst the prevailing market volatility and uncertain economic environment. Elevated bond yields offer potential for higher income, acting

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Harnessing Global Markets for High-Yield Income Prospects

Harnessing Global Markets for High-Yield Income Prospects

🕔10:51, 18.Sep 2023

Global Markets and Resilient Income Streams The document, "Go global for higher income opportunities", dives deep into the increasing value of incorporating global income streams as traditional income avenues face disruptions. Edward Harrold, the Investment Director, paints a picture of

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he Power of Diverse Bonds in Current Markets

he Power of Diverse Bonds in Current Markets

🕔11:27, 12.Sep 2023

In the face of global economic unpredictability, bond investments have emerged as potential shields against market volatility. The present landscape showcases enticing opportunities in credit markets with starting yields ranging from 5.5% to 8.5%, hinting at promising long-term returns. The

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The Rise and Challenges of Green Bonds in Emerging Markets

The Rise and Challenges of Green Bonds in Emerging Markets

🕔08:32, 12.Sep 2023

A Dive into Collaborations and Market Dynamics The IFC and Amundi's partnership remains at the forefront of championing the growth and integration of green bonds in emerging markets. Despite facing an unstable global economic environment and experiencing the first-ever annual

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A Crossroads in Global Economies: Deciphering the Signs

A Crossroads in Global Economies: Deciphering the Signs

🕔09:13, 1.Sep 2023

Aegon AM's outlook suggests a potential mild recession in the US by this year's end, with critical indicators such as the yield curve and the ISM manufacturing PMI portraying caution. While inflation persists, sovereign bond yields feel the upward push.

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Navigating Emerging Market Debt: Risks and Opportunities in Focus

Navigating Emerging Market Debt: Risks and Opportunities in Focus

🕔10:57, 3.Aug 2023

Is the long-term case for emerging market debt still intact? The article discusses the state of emerging market (EM) debt amid current macroeconomic conditions. Key points are the strong fundamentals in major EM countries and the undervalued exchange rates in

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Emerging Markets: Inflation Downtrend and the Impending Rate Cuts

Emerging Markets: Inflation Downtrend and the Impending Rate Cuts

🕔14:58, 12.Jul 2023

The article, "EM rate cuts on the horizon as inflation trends down", discusses the shifting monetary policy dynamics in emerging markets (EM). In the first half of the article, the primary focus is on the decline in headline inflation in

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Central Banks: The Dance of Inflation and Interest Rates

Central Banks: The Dance of Inflation and Interest Rates

🕔09:06, 27.Jun 2023

Central banks in developed markets (DMs), led by Federal Reserve and the European Central Bank, are tightening their monetary policies due to persistent inflation. Notable in their strategy is an inclination towards short-dated bonds and emerging market (EM) debt. These

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The Future of Turkish Debt Market: Expectations vs Reality

The Future of Turkish Debt Market: Expectations vs Reality

🕔10:42, 13.Jun 2023

In the original paper, "Emerging markets debt focus: Turkey", the political and economic situation in Turkey leading up to the upcoming runoff election on May 28 is analyzed. Investors' hope that Recept Tayyip Erdogan would lose power has dwindled following

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Foundations of Emerging Markets Bond Investing

Foundations of Emerging Markets Bond Investing

🕔07:42, 5.Jun 2023

T. Rowe Price's "Foundations of Emerging Markets Bond Investing – Four-part anchoring framework fundamental to debt sustainability" offers an in-depth country-specific analysis of debt sustainability. This study is distinguished by its focus on four interrelated components that play a critical

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Emerging Market Debt: Key Insights from Q1 2023 and Future Opportunities

Emerging Market Debt: Key Insights from Q1 2023 and Future Opportunities

🕔07:28, 22.May 2023

In Capital Group's text, the key highlights of Q1 2023 are discussed, focusing on the resilience of Emerging Market (EM) debt despite banking sector volatility. This resilience was driven by investors paying attention to macroeconomic tailwinds from China's reopening, robust

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Understanding the Resiliency of Emerging Market Debt Amid Global Volatility

Understanding the Resiliency of Emerging Market Debt Amid Global Volatility

🕔16:14, 21.May 2023

Is the long-term case for emerging market debt still intact? In this research paper, Kirstie Spence discusses the outlook for emerging market debt and how it has been impacted by the global economic backdrop. She emphasizes that despite the current

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Navigating the Volatile World of Emerging Market Debt

Navigating the Volatile World of Emerging Market Debt

🕔08:55, 20.Apr 2023

How Vulnerable is EM Debt to Volatility Spillovers? – Investment Insights This report discusses the recent shocks to the banking system and their impact on emerging market (EM) debt. The report provides insights into two types of EM debt: EM

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Active Research-Based Approaches for Emerging Market Debt Investment

Active Research-Based Approaches for Emerging Market Debt Investment

🕔16:02, 18.Apr 2023

Investing in Emerging Market Debt: Benefits of an Active Approach Emerging market debt (EMD) is becoming more popular among investors due to its increased liquidity and diversified ownership base. Despite a challenging 2022, active research-based approaches can help identify attractive

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How vulnerable is EM debt to volatility spillovers?

How vulnerable is EM debt to volatility spillovers?

🕔14:59, 5.Apr 2023

At the beginning of the year, the three major factors driving emerging market (EM) debt were US financial conditions, the dollar and global growth. All three factors look likely to have been changed by the current shock to the banking

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How vulnerable is EM debt to volatility spillovers?

How vulnerable is EM debt to volatility spillovers?

🕔08:05, 4.Apr 2023

The recent shocks to the banking system have cast uncertainty over emerging market (EM) debt. However, despite the high number of distressed EM countries, which are usually smaller and carry idiosyncratic risks, major EMs still seem to possess strong fundamentals

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Shining a light on ESG in bond investing

Shining a light on ESG in bond investing

🕔10:50, 23.Feb 2023

Five perspectives on ESG in bond investing: Views from our fixed income team  Equity investors are often associated with ESG-related discussions and considerations. Bond investors can also have unique and valuable perspectives on ESG matters. Bond investors have access to

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Where We Started, Where We Are, and Where We’re Going

Where We Started, Where We Are, and Where We’re Going

🕔12:46, 7.Feb 2023

Strong and largely unanticipated macro shocks dominated global markets in 2022, negatively impacting investor returns across a wide range of …

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EMD outlook for 2023: local currency yields offer protection in volatile conditions

EMD outlook for 2023: local currency yields offer protection in volatile conditions

🕔13:52, 1.Feb 2023

Key takeaways Global factors weighing on emerging market debt in 2022 look likely to continue in 2023, but high starting yields within EM local currency debt could help offset subsequent price volatility, while negative outcomes appear to be priced in

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EMs with stronger fundamentals should see inflows when they resume

EMs with stronger fundamentals should see inflows when they resume

🕔10:03, 1.Feb 2023

The global environment led to sharp outflows from EM debt markets in 2022. The rise in US interest rates (and increase in EM inflation), combined with the increase in general risk premium, reduced the relative attractiveness of EM debt …

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Brazil presidential election outcome

Brazil presidential election outcome

🕔10:30, 24.Jan 2023

Below are some takeaways by Capital Group’s emerging market sovereign debt analyst Thomas Kontchou on important economic and policy considerations given the leftist candidate Luiz Inácio Lula da Silva’s victory in Brazil’s presidential election.  The leftist Workers’ Party candidate Luiz

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PowerPoint Presentation

PowerPoint Presentation

🕔02:13, 19.Jan 2023

The macroeconomic backdrop, and regime shift, created a challenging environment for EM assets in 2022. Slowing economic growth, accelerating inflation, exacerbated by Russia’s invasion of Ukraine, and tighter global financial conditions were all headwinds. EM local and dollar debt both

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Emerging Markets Lens: Emerging Market Debt

Emerging Markets Lens: Emerging Market Debt

🕔23:08, 18.Jan 2023

The macroeconomic backdrop, and regime shift, created a challenging environment for EM assets in 2022. Slowing economic growth, accelerating inflation, exacerbated by Russia’s invasion of Ukraine, and tighter global financial conditions were all headwinds. EM local and dollar debt both

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Bedrijfsobligaties uit opkomende markten beginnen te schitteren

Bedrijfsobligaties uit opkomende markten beginnen te schitteren

🕔10:47, 30.Dec 2022

Obligaties uit opkomende markten bieden enkele van de aantrekkelijkste rendementen ten opzichte van risico sinds vele jaren, vooral in het licht van de sterke fundamentals van bedrijven en de economie. Professionele beleggers zeggen al lachend dat het VK een opkomende

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Brazil presidential election outcome

Brazil presidential election outcome

🕔16:36, 16.Nov 2022

Below are some takeaways by Capital Group’s emerging market sovereign debt analyst Thomas Kontchou on important economic and policy considerations given the leftist candidate Luiz Inácio Lula da Silva’s victory in Brazil’s presidential election.

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ESG in de Praktijk Mary-Therese Barton over het engagement met soevereine kredietnemers uit opkomende markten

ESG in de Praktijk Mary-Therese Barton over het engagement met soevereine kredietnemers uit opkomende markten

🕔14:28, 16.Nov 2022

Praten over thema's als onderwijs of gezondheidszorg met overheden maakt deel uit van onze fiduciaire plicht – en helpt ons een holistische visie te vormen op de landen waarin we beleggen, zegt Mary-Therese Barton, Head of Emerging Market Debt.

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Navigating dark clouds across emerging markets debt

Navigating dark clouds across emerging markets debt

🕔08:23, 12.Nov 2022

It has been an unrelenting year of negative headlines, with a war in Ukraine, inflation concerns and recession fears jolting investors into a frenzy. Capital Group Investment Director David Cheng sat down with Portfolio Manager Luis Freitas de Oliveira to

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Emerging market debt: an active approach

Emerging market debt: an active approach

🕔08:20, 12.Nov 2022

Emerging market debt (EMD) has already broadened and deepened significantly in the last few decades and as the asset class has developed, it has become more appealing to a broader investor base. Issuance has increased, thereby improving liquidity. Yield curves

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Hard and local currency bonds provide different routes to returns

Hard and local currency bonds provide different routes to returns

🕔14:27, 5.Nov 2022

Emerging market (EM) bonds are a strategic holding for many investors. But the desired result from an allocation to emerging market debt cannot be achieved without first considering the attributes of hard- and local currency-denominated bonds — the two broad

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Pictet Asset Management : Duurzaamheid blijft belangrijk in opkomende obligatiemarkten

Pictet Asset Management : Duurzaamheid blijft belangrijk in opkomende obligatiemarkten

🕔09:06, 29.Aug 2022

Stijgende wereldwijde rentes en volatiele markten hebben zwaar gewogen op zowel het aanbod van als de vraag naar obligaties, vooral in opkomende markten (EM). Toch bleef één segment verrassend veerkrachtig. Uit onderzoek van Pictet Asset Management blijkt dat obligaties die

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Schroders Emerging Markets Lens: Emerging Market Debt

Schroders Emerging Markets Lens: Emerging Market Debt

🕔16:07, 4.Aug 2022

Summary Hard currency emerging market debt (EMD): – Valuations vary: 1. The spreads of investment grade (IG) sovereign and IG corporate indices are close to their historical medians. High yield (HY) corporate index spreads have inched slightly above the historical

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Q&A: impact of the Russia-Ukraine conflict on emerging market debt

Q&A: impact of the Russia-Ukraine conflict on emerging market debt

🕔09:08, 27.Jun 2022

In this Q&A, Kirstie Spence and Robert Burgess share their views on Russia, commodity prices and the impact of the conflict on emerging markets.  How does the Russia-Ukraine conflict compare to previous periods of geopolitical instability? Kirstie: The current situation

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Quarterly macro and market insights

Quarterly macro and market insights

🕔14:12, 27.May 2022

Moderating global growth as policymakers grapple with persistent inflation Global economic growth looks likely to continue in 2022, albeit at a more modest pace. The COVID-19 pandemic does, however, add uncertainty to the outlook, as evidenced by the recent emergence

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Emerging market debt outlook for 2022

Emerging market debt outlook for 2022

🕔09:55, 25.Apr 2022

Higher inflation and in some cases, rising inflation expectations, have been a key focus for investors this year, in both emerging and developed markets (DM). This is against a backdrop of large fiscal and monetary stimulus from governments around the

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Q&A on Russian debt

Q&A on Russian debt

🕔14:25, 19.Apr 2022

Russia’s military aggression against Ukraine, which has become Europe’s largest ground war in generations, has impacted millions of people and triggered a large-scale humanitarian crisis as vulnerable Ukrainians take shelter or flee their homes. The intensification and spread of the

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Emerging Market Debt Market Commentary – January 2022

Emerging Market Debt Market Commentary – January 2022

🕔08:37, 7.Mar 2022

Emerging market debt (in USD terms) experienced a tepid start to 2022 as a sell-off in US Treasuries put pressure on a range of risk assets. This included EM local rates, depressing both local and hard currency returns. Concerns around

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Emerging Market Debt Market Commentary – January 2022

Emerging Market Debt Market Commentary – January 2022

🕔15:18, 1.Mar 2022

Emerging market debt (in USD terms) experienced a tepid start to 2022 as a sell-off in US Treasuries put pressure on a range of risk assets. This included EM local rates, depressing both local and hard currency returns. Concerns around

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Emerging Market Debt Market Commentary – January 2022

Emerging Market Debt Market Commentary – January 2022

🕔15:47, 15.Feb 2022

Emerging market debt (in USD terms) experienced a tepid start to 2022 as a sell-off in US Treasuries put pressure on a range of risk assets. This included EM local rates, depressing both local and hard currency returns. Concerns around

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Rate hikes and inflation taming could prove a tough balancing act for the Fed

Rate hikes and inflation taming could prove a tough balancing act for the Fed

🕔13:42, 14.Feb 2022

Fixed Income Perspectives Bond Market Outlook Global Rates: Yields to edge higher driven by ongoing inflation worries and 2022 rate-hike expectations Global Currencies: U.S. dollar to remain range-bound as market balances global Covid concerns, hawkish central bank policies Investment Grade:

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Emerging Market Debt in 2022

Emerging Market Debt in 2022

🕔11:10, 9.Feb 2022

5 investment solutions Emerging markets (EM) never fail to present a challenging and diverse investment landscape. While there are always opportunities for alpha generation, not all investment strategies pursue approaches that are likely to be fruitful in today’s climate. Here

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COVID and Inflation Seen Driving Pace of Fed Tightening in 2022

COVID and Inflation Seen Driving Pace of Fed Tightening in 2022

🕔12:58, 2.Feb 2022

“The hawkish December FOMC minutes released in early January suggested rate hikes ‘sooner or at a faster pace’ than previously expected, while also raising forecasted inflation to 2.6% in 2022 — an increase over the 2.2% projected last September. There

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Schroders Emerging Markets Lens: Emerging Market Debt

Schroders Emerging Markets Lens: Emerging Market Debt

🕔10:25, 31.Jan 2022

Valuations vary 1. Investment grade (IG) sovereign and corporate spreads are well below historical medians 2. High yield (HY) spreads offer more value, especially in sovereign EMD where the dispersion between countries has increased

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The Aristotle List: 10 improbable but possible outcomes for 2022

The Aristotle List: 10 improbable but possible outcomes for 2022

🕔15:56, 11.Jan 2022

Uncommon truths  It is time to forget central scenarios and think about improbable but possible outcomes. Market sentiment is now mixed (thanks to the Fed), so our list of surprises contains something for everybody (these hypothetical predictions are our views

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A tough week for Turkey

A tough week for Turkey

🕔10:38, 5.Jan 2022

Macro / government bonds All three major central banks making decisions last week have demonstrated that they no longer regard the downside risks to economic activity over the coming months as outweighing the need to address inflation pressure.

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Quarterly macro and market insights

Quarterly macro and market insights

🕔08:22, 10.Dec 2021

Positive but slower global growth is meeting with greater inflation pressures   The global economy maintained its Growth potential is on track to outpace pre-pandemic times positive overall trajectory, though economic indicators grew more mixed. Returns across fixed income were mostly

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Playing second fiddle

Playing second fiddle

🕔09:50, 25.Nov 2021

US FIXED INCOME 2022 OUTLOOK That’s how the 2022 economic forecasts feel when compared to 2021. For ’22, we see real growth running about 4%, or two times trend. That’s typically great performance, but when you’re coming off a phenomenal

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ETFs in EM local debt: Do they work?

ETFs in EM local debt: Do they work?

🕔08:34, 28.Oct 2021

In recent years we’ve seen a surge of interest in exchange traded funds (ETFs) as a cost efficient and effective way to try and replicate market index performance. But are ETFs as effective as investors think? As part of our

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Chinese Bonds: Enhancing a European Fixed Income Portfolio

Chinese Bonds: Enhancing a European Fixed Income Portfolio

🕔10:35, 18.Oct 2021

Executive Summary Improved access for foreign investors to China’s large bond market has started a conversation around the place of Chinese bonds within a global portfolio. Investors are now evaluating whether to make an allocation and, if they do, what

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