We recently conducted follow-up research to our 2010 study, Does Style Matter in Emerging Markets? and found that the style distinctions among investment managers that we originally identified have grown more pronounced, generating differentiated patterns of performance—patterns that, in some
Looking at the issuance performance so far this year, CEE countries have done a very good job. Several countries have already covered this year’s issuance plan and many others have also reached a high number. Slovakia seems to be lagging
Do quality stocks come with a higher price tag? Is “quality” synonymous with “defense”? Do I need to go up in size to go up in quality? Tony DeSpirito seeks to clear up some common misperceptions about quality stocks. I
Over the past few decades, emerging markets (EM) have evolved into a key component of the global equities landscape, attracting capital from investors eager to capitalise on the region’s compelling growth potential. But underwhelming investment returns and corporate governance issues
Emerging market bonds are now 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
Chris explores ways to manage your EM allocation, an out of favor, but still appealing asset class. Emerging markets were the darling of investors as recently as the winter of 2019, but now find themselves once again as unloved as
IN BRIEF We believe a well-designed, tailored approach to using ESG factors for active currency management can be a source of added value for clients over the long term. We have designed our ESG approach as a framework that incorporates
We see third-quarter earnings season offering some limited support to U.S. stocks in the near term, as a growth rebound is months away. Kurt explains. Equities have stumbled this month, as weak economic data has revived recession fears. This comes
Covered call strategies in a closed-end fund may help long-term investors manage short-term volatility. Successful investing is not just about reaching the final destination; the journey itself can be equally important. Equity investors in particular need to account for the
Mike shares what investors need to know as the final quarter of 2019 kicks off. The fourth quarter of 2019 kicked off with a market selloff and more evidence that a protectionist push is hitting the U.S. industrial sector. How
Als het om pensioenen gaat, is de rente allesbepalend. Wat gebeurt er op rentegebied, wat te doen bij stijgende/dalende rentes, hoe zit het met de reële rente en wat zijn de laatste inzichten op gebied van matching en vastrentende beleggingen?
Elga discusses how central banks could “go direct” and use unprecedented coordination between monetary and fiscal policy to deal with the next downturn. This is the fourth and final blog in a series on the topic of “Dealing with the
What do emerging market giants China and India have in common with Nordic countries Norway and Sweden? These countries are leading the way to a cashless society. With the proliferation of credit cards, smartphones, and wireless broadband, transactions have never
China’s onshore equity market, while both vast and liquid, is relatively untapped by foreign investors. Jeff Shen looks beyond the trade war to explore the makings of a unique investment opportunity. Most of what investors hear about China today centers
Elga explains why we see a growth pickup looming on the horizon. Hint: Watch the transmission of financial conditions. An expected dovish pivot by central banks has materialized. Now what? Financial conditions in key developed economies have become more accommodative
Emerging markets are at an interesting crossroads when it comes to the issue of climate change. As they continue to grow at an accelerating pace, their greenhouse gas (GHG) emissions are rising precipitously, with transport the second biggest contributor. Electric
Rick Rieder and Russ Brownback highlight their view that effective monetary and fiscal policy in the 21st Century needs to draw not only traditional economic theory, but also from the lessons of finance and other disciplines. We think the evidence
Recently-published flash estimates of GDP growth in Central and Eastern Europe (CEE) depict a rather supportive picture of economic activity in the second quarter (Q2) (Exhibit 1). Undoubtedly, the quarterly growth clip decelerated somewhat, but remained laudable with Poland up
Emerging markets (EM) are in the midst of a structural transformation. As many EM economies have moved up the income chain, the composition of their equity markets has shifted, first toward manufacturing and then to services, with technology one of
While markets are trying to digest what the ECB’s new measures may mean in the longer run, CEE will see first monthly indicators from the real economy from August, as Poland will release important figures that could provide important insight
Elga discusses how the favourable environment for fiscal policy should persist – yet cautions that global debt levels are already at record highs. This is the third in a series of four blogs on the topic of “Dealing with the
The growth of index-based investing in emergingmarkets debt exposes such strategies to increasing levels of systemic, developed-markets risk. As a result, emerging-markets allocations based on indexes may be less effective as diversifiers in portfolios comprising mostly developed-markets debt. Off-benchmark countries
Frontier markets experienced a challenging year in 2018, but as we enter the latter stages of 2019, we believe three distinct dynamics are working to drive a turnaround in performance in the sector. The global economy presented headwinds in 2018,
Craig Botham explains why the economics team has downgraded the growth outlook across the BRIC economies this quarter, with weakness in 2020 driven by the trade war.
Saudi Arabia is projected to have an index weight within FTSE Global Equity Index Series (GEIS) of 0.31% and 2.86% within the FTSE Emerging All Cap Index (see Q16). Due to this projected size in the Emerging index, FTSE Russell
The integration of #ESG criteria often has a greater impact for emerging countries. Find out why in an interview with our expert #Karine_Jesiolowski (via @allnews_ch).
Fresh #StarkieBlog! https://t.co/YZrzQpIlIQ
Low interest rates drive housing market -> https://t.co/XjhuRim2P7 #Interest #mortgages via @ABNAMROeconomen
