Content (82)
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White papersOpioid exposure presents risks to pharmaceutical industry
Calvert has evaluated the risks facing companies across this value chain, and identified three key ESG exposures we consider to be financially material for companies with exposure to opioids
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White papers
Q3 2019 Municipal Market Overview
Though US treasury and municipal yields rose in September, they declined during the quarter as the extended trade war with China continued to have a negative impact on economic activity. The Fed cut interest rates 25bps in both July and September and the market is currently pricing in ...
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White papers
Q3 2019 - Floating-Rate Loan Market Monitor
Corporate debt issued by below-investment-grade borrowers Most issuers are significant in size and scale – and many are familiar household names Companies undertake loans for recapitalizations, acquisitions and refinancings Coupon income from floating-rate loans resets regularly (about every 40-60 days on average) to maintain a fixed ...
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White papers
Q3 2019 - Emerging Markets Debt Monitor
Emerging markets debt (EMD) performance was negative in Q3. The local sovereign index was down slightly due to the strong USD and negative sentiment around the Argentinean election. External debt indices performed better, though this was driven entirely by the decline in UST yields. EM Equities had a weak quarter due to concerns around growth and trade.
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White papers
After the bond rally, beware of bond math’s return
Bond market investors have experienced impressive returns this year. Even mortgage-backed securities, which were at the bottom of the pack for fixed-income sectors in year-to-date performance through September 30, returned 5.60%, which easily eclipsed the 1.28% gained by the fixed-income leader for all of 2018, municipal bonds
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White papers
Monthly Market Monitor - October 2019
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios.
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White papers
Avoiding correlation creep in emerging markets debt
The rise of emerging markets debt (EMD) into a mainstream asset class has, in our view, been broadly beneficial for investors. Not only does the asset class offer a unique source of income and exposure to some of the fastest-growing parts of the world, the addition of EMD to portfolios comprising developed-markets fixed income can offer useful diversification benefits.
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White papers
Monthly Market Monitor - September 2019
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios.
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White papers
Avoiding “diversification decay” in emerging-markets debt
In the past decade, there has been a 350% increase in institutional holdings of emerging-markets (EM) debt, much of which has been invested in index-based strategies.
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White papers
Emerging market debt: Navigating the allocation dilemma
Emerging-market (EM) economies and their capital markets continue to have strategic significance for institutional investors.
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White papers
New country research head explains how role will enhance Eaton Vance’s edge in EM debt
Marshall L. Stocker, Ph.D., CFA, an economist and portfolio manager in Eaton Vance’s Global Income team, has been appointed Director of Country Research, leading a team focused on analysing country-level political-economic policies.
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White papers
Emerging markets debt: Determinants of sovereign bond quality and returns
In this paper, Eaton Vance explores the key drivers of sovereign bond ratings, spread performance and frequency of defaults for a data set of 127 countries from 2000 to 2016. The findings demonstrate the determinant role that economic policy plays, in particular, which is analysed alongside other macro variables related to the real economy, external sector and political orientation of the government.
