All Emerging Market Debt articles – Page 8
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White papersPursuing alpha: Why invest in EMD?
Competitive spreads, comparable default rates and low correlations versus developed markets are just three advantages of this growing asset class, argue managers of the Federated Hermes Emerging Markets Debt strategy.
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White papersCase 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 papersEmerging 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 papersSeven 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 papersEM 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 papersSustainable 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 papersDoes 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 papersEM 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 papersWhy 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 papersShifts & 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 papersQ&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 papersUninvestable 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 papersGauging 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 papersUkraine 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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VideoNeuberger 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 papersRussia-Ukraine tensions: geopolitical risk adds volatility to risk assets
Geopolitical dimension of the crisis: tensions stand at their highest point in years, after Moscow deployed 100,000 troops to its border with the Ukraine’s Donbas region. The geopolitical risk between Russia and the West remains deadlocked since Russia’s 2014 annexation of Ukraine’s Crimea peninsula and the consequent Western sanctions to Russia.
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PodcastEM Debt in 2022: China, COVID & Central Banks
What lies ahead for EM debt markets in 2022? Risks include higher rates and inflation as well as uncertainties surrounding China and the path of the pandemic. But with defaults still low and spreads wide by historical standards, opportunities look likely to arise.
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White papersJeromicron: Markets Face a One-Two Punch
Preliminary Markit PMIs in the U.S. show Omicron weighed on consumer demand, labor supply, and supply chain disruptions in January. The composite PMI fell from 57 to 50.8—its lowest level in 18 months; declines were seen in services and manufacturing.
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White papersFixed Income Perspectives - January 2022
Global economic growth looks likely to continue in 2022, albeit at a more modest pace. The COVID-19 pandemic does, however, add uncertainty to the outlook, as evidenced by the recent emergence of the Omicron variant.
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White papersSolving for a Year of Inflections
The Solving for 2022 delegates voted on what they think will be this year’s best-performing investment category—and here’s why we think they are right.
