All Emerging Market Debt articles
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VideoFrontier markets: Tapping into untapped potential
What is a ‘frontier market’? And why should investors be looking at this exciting area of EM? Mohammed Elmi, Lead Portfolio Manager, EMD, provides his view.
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White papersWhat does India’s benchmark inclusion mean for investors
Indian government bonds have been added to the global emerging market bond index, providing foreign investors access to India’s $1.3 trillion government bond market. The move could improve capital flows into the country, as well as stabilise yields.
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White papersSeizing value in emerging market debt
Despite recent challenges, emerging market economies remain robust and are delivering positive growth. India is leading the charge, benefiting from secular demographic trends like a growing working-age population as well as resilient domestic demand. As China’s share of global growth declines, India is stepping in to fill the gap. More broadly, EM growth projections have been revised upward by the IMF’s World Economic Outlook (WEO), benefiting from country-specific factors.
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White papersBond Voyage: A journey into fixed income
In this summer edition of Bond Voyage, we discuss topical themes in liquidity, emerging-market debt, investment-grade credit and global sovereign bonds.
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White papersThe Next Chapter in EMD: Static vs. Dynamic Allocations
This installment of our Emerging Market Debt series takes a sequential approach to providing our perspective on achieving optimal EMD exposure.
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White papersDispelling the myths around emerging market debt
Things in emerging markets are not always what they seem. In December 2023, Argentina elected as president Javier Milei, a rabble-rousing populist fond of brandishing a chainsaw on the campaign trail. Milei had a radical agenda, including dollarising the economy and abolishing the central bank – just the kind of policies that alarm investors.
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White papersEmerging Market Debt at State Street Global Advisors
State Street Global Advisors has been running indexed EMD strategies for almost two decades and our experience and expertise has underpinned the growth of this franchise. EMD assets under management at State Street climbed from about $5 billion at the end of 2015 to $40.5 billion at the end of March 2024.
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White papersEM Sovereign Debt: Spreads Are Tight… So What?
A superficial look at EM sovereign spreads suggests they may be too tight to offer attractive upside. We disagree, and here’s why.
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White papersFour Reasons to Revisit EM Corporate Short Duration Debt
Against a potentially higher-for-longer backdrop, a short-dated approach to EM corporate debt can provide an opportunity to pick up income, incremental yield and diversification, with less volatility.
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White papersUnleashing the potential: Navigating local currency EMD with active management
EMD has become increasingly appealing to a broader investor base as the asset class has developed. Issuance has increased, thereby improving liquidity.
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White papersIndia’s time to shine
As the world’s biggest democracy goes to the polls, we examine the political powerhouse that is the Bharatiya Janata Party (BJP) and consider how index inclusion could energise the country’s capital markets.
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White papersEM Local Debt: Is the EM-U.S. Disconnect an Overlooked Opportunity?
Emerging markets have become increasingly out of sync with the U.S. in terms of inflation and economic growth. Markets are ignoring the disconnect, which could spell an opportunity for investors.
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White papersEmerging market debt: the strong recovery continues
After a difficult couple of years for the asset class, emerging market debt (EMD) is one of the fastest growing parts of the wider fixed-income universe.
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PodcastMapping Geopolitics in Emerging Markets
Exploring the intersection of geopolitics and emerging markets, analyzing risks and impacts amid global uncertainties.
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White papersEM Debt: Reasons for Optimism, But Risks Remain
The upbeat note on which EM debt entered the year continues to prevail. While tailwinds exist, there is also a myriad of potential risks to navigate in the coming months.
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White papersFixed Income Outlook – Be selective on emerging market debt
Given the recent strong performance for emerging market bonds, we have tempered our optimism about the potential for further spread tightening among the higher-rated segments. We remain, however, constructive on the asset class as a whole and still see attractive opportunities among lower-rated sovereign bonds, as well as selected local currency bonds.
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VideoOutlook and Opportunities in Emerging Markets Debt
Dive into our emerging markets debt outlook, including an assessment of the macro environment and EM fundamentals, as well as potential investment opportunities.
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White papersFive Over Five - The Structural Shifts Taking Place in EM
Following years of underperformance, we explore five structural factors that should support the emerging markets over the next five years and possibly beyond.
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White papersEmerging Market Debt Outlook: Opportunities Amid Uncertainty
2024 is already shaping up to be a year of considerable uncertainty. The first quarter has given us a taste of that with a sharp reversal of expectations for the US economy and the monetary policy plan of the Federal Reserve.
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White papersFixed Income Investment Outlook 2Q 2024
Investors continue to wait for clear signals as to the timing and extent of interest rate cuts. After last year’s significant progress on prices, inflation remains elevated and slow in its path toward target levels. That said, although the timing remains uncertain, we believe that the Federal Reserve and European Central Bank will likely begin their downward journey sometime this year.
