At Thornburg, we feel a fully integrated investment approach is the most effective way to incorporate ESG factors into securitized fixed income analysis.
Some EM countries are making strides in addressing ESG considerations which can help mitigate risk but also offer improved earnings and stock appreciation. In recent months, the Russian war, and regulatory changes in China have reminded investors that EM companies may still be subject to external macro governance risk.
International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP) have given us the tools to compare and evaluate revenue streams from vastly different sectors and industries.
The electrification of transport is now one of the major trends in the auto industry, directly impacting key manufacturers and suppliers in the electric vehicle ecosystem.