All Emerging Market Debt articles – Page 21
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Europe 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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Reform: A route to resilience in emerging markets?
Following a series of IMF meetings in Washington, D.C., Carmen Altenkirch and Dariusz Kedziora discuss their views on how reform prospects may shape emerging market debt.
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Risks 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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Stable 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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On My Mind: Oops! They Qe’d Again
The US Federal Reserve (Fed) has expanded its balance sheet by about $400 billion since last September. This has reversed more than half of the balance sheet unwinding (about $700 billion), which the Fed had started in October 2017.1 A growing number of analysts and investors have concluded that the Fed is once again engaged in quantitative easing (QE). The Fed denies it.
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Multi-asset allocation views: Uncertainty clouds the outlook for European assets
Sunil Krishnan considers whether Europe can break out of its economic malaise and the factors investors should watch out for in 2020.
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EMD 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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Blog: 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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Blog: 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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Emerging 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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Fixed 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.
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Global economies in 2020 and beyond
Over the past decade, major economies have more than recouped the GDP lost during the financial crisis. Yet governments, companies and households have spent more time repairing their balance sheets than spending, while central banks have reverted to the tools that failed them in the past.
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2020: Risks, Opportunities & Predictions (Part 1/2)
In Part 1 of our 2-part series, Barings’ investment professionals touch on topics from politics to trade wars to economic growth—and offer their perspectives on why EM currencies, international equities and EM local debt might outperform in 2020.
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Ten Crises We Avoided This Year
It turns out that we are not entirely hostage to immutable economic cycles or raging political intrigue. Sometimes people make good decisions in spite of our expectations. Sometimes, to be honest, we are just plain lucky and the dice land well.
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Zombies stalk the bond markets
Writing in the Financial Times, senior investment manager Galia Velimukhametova explains why companies kept alive by low borrowing costs threaten to bring about a downturn.
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Asia bonds: tactical value for a long-term opportunity
Asian debt exhibits robust fundamentals and bright long-term prospects, with attractive yields.
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Barometer: The investment landscape in 2020
The dollar’s bull run should come to an end, weighing on US equities. Emerging market debt, European equities and value stocks have the potential to outperform.
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Are Negative Rates Really That Negative?
So far, they seem to work in practice, just not in theory. Negative yields seem to have helped extend the cycle, but they carry risks if they linger for too long.
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Unlocking human capital in emerging economies
All developing countries have a seriously under-tapped resource: their people. That’s important for emerging debt investors to bear in mind.
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Seeking Big Opportunities in Small Companies
As Europe finds itself in a climate of lackluster growth and political volatility, with an equity market that has been on an unprecedented 10-year bull run, investors are searching for pockets of value. A long-term allocation to small-cap equities is one potential solution.