All Emerging Market Debt articles – Page 19
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White papersHave We Reached Herd Immunity?
Our chief data scientist explains what the data is saying about the spread of COVID-19.
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White papersHigh Yield: Navigating COVID-19
Barings’ Martin Horne puts the recent volatility in high yield markets into context and describes how the Barings team is both managing risks and finding value opportunities through the crisis.
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White papersPerspectives on Liquidity
Anne Brennan, Chief Risk Officer and Ken DeRegt, COO for Fixed Income, share their insights on managing liquidity in today’s markets, with a look at how this compares to 2008.
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White papersModern Monetary Theory (MMT): from theory to practice
First, the sanitary situation: still worrying. The total numbers of recorded Covid-19 cases is now over half a million, and the number of deaths close to 25k. Contagion from east to west continues, with the US now the center of attention: the country has more reported cases than China. The total number of cases (world) has grown at an average daily pace of 13% in the week to 26 March, 5 points faster than the previous week.
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White papersBond investing in uncertain times – stay invested
The economic impact of Covid-19 will be significant in the near term but will take time to show up in the standard economic dataset. The response of fiscal and monetary policy is critical to stabilising financial conditions and instilling confidence.
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White papersEMD: Finding Fundamental Value Through the Storm
The rapid spread of COVID-19, the precipitous fall in oil prices and the related shock to the global economy have sent markets—including EMD—into a tailspin in recent weeks. In this piece, we explore the resulting challenges and discuss opportunities beginning to emerge.
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White papersDistressed Debt: Despite Challenges, Opportunities Persist
Recent market and economic volatility may be the trigger that distressed debt investors have been waiting for, but capitalizing on opportunities will require a different playbook than those of past cycles.
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White papersCoronavirus: a pragmatic response to market panic
Fixed-income investors loathe uncertainty. But for them and societies worldwide, this is currently the defining characteristic of markets and daily life. How can they respond pragmatically to the pandemic?
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White papersDistressed Debt: Capturing Late-Cycle Value
Barings’ Stuart Mathieson and Bryan High discuss how recent macro events and credit market dynamics are impacting the outlook for distressed debt.
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White papersNew institutional investor insights - 20/20 vision: a clearer path for growth
Diversification and selectivity will become ever more important in 2020 and beyond, especially as we think yields will remain low, returns will be tough to come by and volatility may rise. That means getting more exposure to more opportunities and more risks across asset classes, while remaining nimble.
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White papersIG Credit: The Hidden Risks of “Safe” Bond Strategies
Traditional investment grade bond strategies are meant to help their owners sleep at night. But hidden credit and interest rate risks make benchmark-hugging more hazardous than many realize. Counterintuitively, CLOs, ABS and EM debt may be part of the solution.
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White papersEurope needs new approach to escape economic malaise
With monetary policy seemingly reaching the limits of its effectiveness, another approach is required for the continent to avoid ‘Japanification’. We believe a focus on productive sustainable investment could not only stimulate growth, but also bring about social and environmental benefits
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White papersRisks Rebalanced - Asset Allocation Committee Outlook 1Q 2020
On Tuesday, January 14, Erik Knutzen, CIO of Multi-Asset Class, Gorky Urquieta, Co-Head of Emerging Markets Debt, and Conrad Saldanha, Senior Portfolio Manager, Emerging Markets Equity, discussed the AAC’s latest views on navigating the current market environment.
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White papersStable Growth, Policy in Transition - Fixed Income Investment Outlook 1Q 2020
With a stable economy likely to provide a positive environment for credit this year, shifts in monetary policy could contribute to more frequent volatility in fixed income markets, while political developments will be an ongoing risk.
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White papersEMD in 2020: A year of “alpha,” and the return of the “political economy”
As we end another tumultuous year for emerging markets (EM), it’s a good time to pause and reflect on what the start of the third decade of the 21st century holds for emerging market debt (EMD) investors.
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White papersBlog: Emerging market fixed income – the outlook
Despite a sometimes challenging environment, emerging market debt generated strong returns in 2019. All four principal emerging market debt categories generated double-digit returns in 2019, led by hard currency emerging market debt.
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White papersBlog: Investing for tomorrow – applying ESG principles to emerging market debt
In the past, investors often balked at the idea of applying environmental, social and governance (ESG) criteria when investing in emerging markets. We believe such an attitude is based on outdated associations of low income with political, social or economic disadvantages. Many EM countries have undergone significant progress and now have middle-income status.
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White papersEmerging market debt rally set to moderate
Emerging market (EM) debt started 2019 at attractive valuations. This followed a nine-month slide as the US Federal Reserve moved to normalise monetary policy and raise interest rates, which naturally strengthened the dollar and increased EMs’ funding costs.
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White papersFixed Expense Investing
Low and even negative yields have turned some fixed income investing into “fixed expense” investing—but there are still good reasons to hold negative-yielding bonds.
