All Emerging Market Debt articles – Page 5
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White papers
Case study: Akbank
In this latest case study, the Emerging Market Debt team explains how engagement with Turkish lender Akbank is encouraging improvements in governance, sustainable lending and carbon footprint accountability.
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White papers
Emerging market debt: Looking for opportunities in challenging circumstances
Persistently high global inflation has forced the world’s leading central banks to start tightening monetary policy. However, the prices of many of the most vulnerable emerging market bond issuers are now quoted close to – and in some cases lower – than their expected recovery value.
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White papers
Seven reasons why the time is right to buy EMD
Investors should be grasping at the unprecedented opportunity presented by emerging market debt.
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White papers
EM Debt: Finding Fundamental Value Amid a Challenging Backdrop
While challenges remain for EM debt, technicals, in some cases, have caused market prices to overshoot their fundamental value to the downside—creating opportunities for active, bottom-up managers.
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White papers
EMD resilience to be put to the test—again
This paper provides an update on performance and drivers for the sovereign emerging market debt (EMD) asset class this year. The final sections lay out the main improvements and strengths that we believe will allow EMD to navigate these troubled times, proving the asset class’s resilience again. These include improving balance of payments due to high commodity prices, decisive central bank policy, robust growth outlooks and better managed debt stocks.
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Blog
“Friend-shoring:” Does Regional Retrenchment Herald Lower EM Growth?
Just as the world economy was recovering from COVID-19, 2022 brought fresh challenges. Russia’s invasion of Ukraine, higher energy prices, food shortages and protectionist tensions all weigh on emerging-market (EM) growth. As a result, the IMF lowered its EM growth outlook for 2022 from +4.8% in January to +3.8% in April.
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White papers
Sustainable Asian cities: A compelling – and urgent – investment opportunity
In their white paper, “Sustainable Asian cities – preparing now for the future”, our Emerging Markets Debt team and Sustainability Centre detail the rationale underpinning a new investment strategy which targets companies that can help Asian cities achieve the sustainable changes they need to make to deal with an over-stretched infrastructure, migration and climate change.
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White papers
Does the EM debt repricing present a good entry point?
The Russia-Ukraine conflict, a spike in commodity prices and rising global inflation have raised fresh questions about the outlook for emerging markets (EM) debt. Recent forecasts from the International Monetary Fund and World Bank suggest global growth is slowing. And the U.S. Federal Reserve appears set to front-load rate hikes in this tightening cycle, heightening the risk of a recession.
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White papers
EM Debt: Finding Fundamental Value in a Shifting Landscape
The current environment is challenging, but much like in the past, opportunities are beginning to arise across the EM debt landscape.
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White papers
Why now may be the time to buy EMD
We maintain that EMD assets currently exhibit an entry opportunity as both an undervalued and under-owned asset class, offering the dual advantage of commodity exposure, as well as a more complete policy adjustment than developed markets, with regards to upcoming inflation risks. The potential benefits of EMD include Alpha opportunities from a diversified landscape, diversification potential, and the potential for attractive risk-adjusted returns.
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White papers
Shifts & Narratives #16 - Investing in a fragmented world
Over the past three years – well before the Covid-19 crisis – we have been arguing for a macro-financial regime shift, initially driven by the retreat of global trade as the main driver of global growth. The Covid-19 crisis has acted as a trend accelerator due to its de-globalisation footprint and implied supply-chain bottlenecks. Many growth engines have been re-shored, while the unified central bank model has ended.
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White papers
Loomis on Loans – Q1 2022
A quarterly look at data and topics in the syndicated loan market.
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White papers
Fed Pivot Becomes Fed Prayer
The US Federal Reserve is turning increasingly hawkish—hiking rates fast enough to slow inflation while maintaining economic growth will be a monumental task.
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White papers
Taiwan – Uniquely Positioned to Benefit From the Global Supply Chain Rethink
A country with less than 0.4% of the land mass of the United States, or 1.7% of China’s population, the island nation seems to thrive in its role as a challenger to the world’s superpowers.
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White papers
Q&A: impact of the Russia-Ukraine conflict on emerging market debt
Russia’s military aggression against Ukraine, which has become Europe’s largest ground war in generations, has impacted millions of people and triggered a large-scale humanitarian crisis as vulnerable Ukrainians take shelter or flee their homes. The intensification and spread of the conflict is deeply troubling and is having a devastating impact on those people caught in the crisis.
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White papers
Uninvestable Russia
We survey the impact on worldwide fixed income markets of the devastation in Ukraine and the sanctions against Russia, and send our thoughts to those in the heart of the conflict.
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White papers
Gauging the impact of the Russia/Ukraine conflict on EM debt
The events that are unfolding in Ukraine are deeply upsetting and one cannot help but be affected by what we are reading and seeing in the news. Investing in the midst of a conflict can be difficult and bring out heightened emotions. In the context of these heightened emotions, it is helpful to stand back and assess the situation.
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White papers
Ukraine invasion: market reaction
The crisis will create short-term uncertainty and add to inflationary pressures, say fund managers from the international business of Federated Hermes.
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Video
Neuberger Berman’s Multi Sector Fixed Income Funds
In this short video, we two of introduce Neuberger Berman’s Multi-Sector Fixed Income Funds looking at some of the distinctive features of our capabilities in this space.
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White papers
The Bond Blog - EM’s Vulnerability to Rising Food Prices and Political Instability
Food items typically have a larger weight in the consumer price index (CPI) basket of emerging markets. Therefore, food price increases might require policy action on the part of central banks if they become a major source of inflation.