Global
Putting Green Bonds on a Sustainable Path in Emerging Markets
Global green bond issuance is estimated to top US$206bn in 2017, according to figures from Moody’s, but the development of the asset class in emerging markets is still being hampered by lack of incentives, standards and awareness, according to sustainable finance professionals.
6 Apr 2017
Eurozone Bond Sell-off Presents New Opportunity for EM Debt
As the political future of Europe hangs in balance, investors are looking at EM securities as viable replacements.
29 Mar 2017
Dovish Fed Pushing Investors Towards Longer EM Maturities
Emerging Markets dodged a bullet as the fallout from the US election revealed a brighter economic outlook than many had expected. But with US tightening set to continue at a lower-than-expected pace and EM’s relative value fading gradually, investors are becoming more willing to look at longer maturities for extra carry.
27 Mar 2017
Protectionism and the Market Repercussions
As populist politicians and leaders rise to prominence in the developed world, anti-globalist attitudes and protectionism are also entering the economic frame. With Trump casting doubts over the future of NAFTA and Brexit putting a strain on EU's economic integration, Richard Segal, Senior Analyst at Manulife Asset Management, considers some of the practical effects these policies may bring in…
21 Feb 2017
Emerging Markets Show Positive Feedback Loop from Tax Amnesty
Emerging market countries have suffered chronic outflows of wealth due to tax evasion, perhaps more than countries in the developed world. That might be why many EM governments have set their sights on the enormous amount of wealth currently outside their borders.
27 Jan 2017
Davos Provides More Questions Than Answers on Economic Order
Last week the world’s economic and political elites descended to the Swiss city of Davos for the annual World Economic Forum (WEF). This year's conference was unlike any other before – fitting given how unconventional 2016 really was – and left economic leaders with more questions than answers.
24 Jan 2017
Negative rates and Emerging Markets: is the rally sustainable?
Negative or flat interest rates have been a key driver behind the strong performance of emerging market assets across the board as yield hungry investors continue their search for higher returns. But are price distortions in developed markets and an indiscriminate influx of liquidity in emerging market credit really sustainable?
17 Jan 2017
The Daily Roundup
Italy’s Monte dei Paschi di Siena on course for government bail-out – Petrobras sells US$2.2bn worth of assets to Total SA - Taiwan held its benchmark interest rate steady at 1.5% - Saudi Arabia to compensate for loss of subsidies with cash pay-outs – Ukraine bonds rise as parliament passes budget ahead of IMF loan – Russia to pay Bosnia-Herzegovina US$125mn of Soviet debt
22 Dec 2016
The Rise of Fintech and Financial Inclusion go Hand-in-Hand in EMs
Few terms are as divisive in the finance industry as “Fintech.” It instils fear in leaders of traditional FIs, makes bankers weary, confuses the general public and excites tech whizzes and young entrepreneurs. But it could also hold the key for emerging markets.
15 Dec 2016
EM Market Update: 2017 to See Modest Returns
Since the U.S Presidential Election nearly a month ago, Emerging Market Bonds have reacted negatively, selling off 2.2% before stabilizing and even recouping a modest portion of the loss in the last 4-5 trading sessions. As the table below shows the overall decline has been led by Mexico, which declined 4.6% in November.
9 Dec 2016