All Emerging Market Debt articles – Page 9
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White papersHigher rates provide a second chance to play US value opportunities
Nowadays, US value trades at its steepest discount to growth since 1999. However, declining Covid-19 cases, a broad-based economic recovery, prospects of higher interest rates as we progress out of the pandemic, and the return of persistent inflation pressures should help close the valuation gap between growth and value stocks.
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White papersCaution Today, Opportunity Tomorrow
We think a more cautious stance represents a prudent approach to an already volatile inflection point between early-cycle recovery and mid-cycle expansion.
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White papersAllocation Views: Burning US$5 bills
Our Franklin Templeton Investment Solutions team retain the view of heightened levels of inflation and persistent market worries in relation to the peaking of growth in many of the major economies.
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White papersCongress Sets New Deadline, So Do Markets
A general sense of risk-off dominated early in the week as markets faced a “wall of worry.” Lingering concerns over China regulations, stalemates over raising the U.S. debt ceiling, and the stunning spike and volatility surrounding energy prices all weighed on market sentiment.
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White papersEvergrande: caught in the crossfire between China’s past and future
Evergrande stands in the crosshairs of China’s demographic shift, its urbanisation and property boom, and the end of its decade-long economic growth spurt, writes Robin Usson, CFA, Credit Analyst
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White papersWhat does China’s regulatory crackdown mean for EM corporate debt?
Chinese corporates are experiencing growing pains as fines and restrictions rain down on sectors like tech, real estate and education.
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White papersEvergrande Heads for Default
We believe systematic risk beyond the Chinese property market remains limited.
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White papersThis Is Not a 60/40 Environment
The shift to a mid-cycle expansion beset with unusually high levels of uncertainty could bring a new test for asset allocators.
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White papersEurope’s Most Endangered Species
As fiscal “hawks” fade from the scene, the continent’s economic policy is transforming in ways that will boost growth long after the pandemic ends.
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White papersSpecial Europe: Investing in the recovery
As the European economy is recovering from the largest economic shock of modern history, we are revising our growth and inflation assumptions to the upside. Although the path to recovery is uneven among member states, we believe the EU will see two years of strong growth while inflation should revert below 2%.
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PodcastTurning a New Leaf in Chinese Investing
Historically, as the second largest economy in the world, China has presented a myriad of opportunities to investors worldwide. However, due to the regulatory changes outlined by the Chinese government, trends suggest that investors have started to reconsider their allocations in China.
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White papersECB Policy and Bunds Are Set to Move
Ahead of the key European Central Bank policy meeting on September 9, we offer our views on what will likely change, what may not, and what it could mean for the Bund yield.
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White papersCase study: Trade the When Issued (WI) security a month in advance using Micro Treasury Yield futures
Learn how investors can use smaller-sized, yield-based Treasury futures contracts to roll when-issue in advance, less expensively than previously possible.
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White papersGlobal Investment Views - September 2021
Equities have remained buoyant over the past weeks despite some challenges (China regulation, Afghanistan crisis), primarily due to the exceptional earnings seasons in the US and Europe. Looking ahead, we identify three main themes: the spread of the Delta Covid variant, the deceleration of economic growth from its peak, and divergences in policies.
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White papersHistoric IMF SDR Allocation: What Does It Mean for Emerging Market Debt?
The recent IMF allocation to member countries will look to build confidence and foster the resilience and stability of the global economy.
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White papersEurope’s Openness Leans against its Productivity Headwinds
PGIM Fixed Income explain the benefits seen by the European Union as it continues to operate as the world’s most open economic region. Read how this competitive backdrop helps improve productivity and growth.
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PodcastEM Debt: Assessing the Impact of China’s Crackdowns
Omotunde Lawal, Head of EM Corporate Debt, sheds light on China’s recent regulatory crackdowns on industries ranging from technology to education to property, and explains the risks and opportunities these actions may present for fixed income investors.
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White papersTen for 2021—Midyear Update
Last November, the heads of our four investment platforms identified the key themes they anticipated would guide investment decisions in 2021.
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White papersGlobal Investment Views - August 2021
The past weeks have confirmed that phase one of the ‘great recovery’ is now behind us. We have entered a new sequence: PMIs decelerating from their peaks and concerns about the spread of the Delta Covid19 variant are features of it.
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White papersFixed Income Perspectives - July 2021
Financial markets rallied amid stronger-than-expected recoveries in many parts of the global economy and signs that central banks intend to remain more accommodative than had been widely anticipated earlier in 2021.
