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Investor Insights

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

Market sentiment on EM remains positive after the Phase One trade deal was signed. Data out of China is also supportive for EM. Key forward-looking data this week are Taiwan export orders and Korea trade data for the first 20 days of January. The global liquidity story also remains beneficial for risk, with the ECB, Norges Bank, BOC, and BOJ all set to maintain steady rates this week.

20 Jan 2020

Global Economics and Markets Investor Insights

US-China Trade, Global Protests, Cybersecurity Will Dominate Risks in 2020 – BlackRock

US-China trade tensions, global protests and cybersecurity are amongst the top three geopolitical risks to face markets in 2020, according to BlackRock.

20 Jan 2020

How EM Corporate Debt Came to Out-Perform US High Yield – TCW

The past decade has seen emerging market corporate debt come into its own as an asset class, on the back of diversification, growth, and relative valuations. US-based investor TCW analyses some of the reasons that EM corproate debt has diverged from US high yield, to become one of the highest yielding asset classes of 2019.

16 Jan 2020

Middle East Tensions Concerning, but Lower Short-Term Conflict Risks – Ashmore

Concerns that the assassination of the Iranian general Qassem Soleimani may spark an escalation between the US and Iran have abated following the underwhelming Iranian response. Tensions linger, but in the short-term the prospect of conflict has subsided, according to a note from Ashmore.

14 Jan 2020

EM Currencies, Local Bonds Top Picks for 2020 – JP Morgan Asset Management

Last year was wracked by uncertainty, with trade tensions and a sharp reversal in rates weighing on growth. With the apparent relaxation of trade tensions and a consistent, supportive monetary policy environment, 2020 may be the year of revitalised economic growth, JP Morgan Asset Management analysts argue.

14 Jan 2020

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

Leading investment advisors Brown Brothers Harriman give their take on the big drivers and key economic events to look out for in emerging markets this week

13 Jan 2020

The Missing Point in The Global Growth Debate

Global growth is decelerating. Policy-makers in developed economies are gearing up for yet more fiscal spending. While fiscal spending may support growth for a short time, and for longer if very carefully applied, it will not change the growth outlook fundamentally. This is because the main reason for slower growth lies elsewhere, namely in gross misallocation of capital on a global scale,…

10 Jan 2020

EM External Debt Benefiting from ‘Delightful Diversification’ - Ashmore

Despite a number of high-profile periods of volatility in 2019, it was a strong year for emerging market external debt, argues Jan Dehn, Head of Research at Ashmore Asset Management. Boasting returns of 15%, the asset class is reaping the rewards of growing credit quality and increased diversification.

10 Jan 2020

Stellar Emerging Market Debt Returns “Unlikely to be Replicated in 2020” – M&G

The stellar returns produced by emerging market debt in 2019 are unlikely to be replicated in 2020, according to Claudia Calich, Head of Emerging Market Debt at M&G Investments.

9 Jan 2020

Severity of 2019 Slowdown in India 'Exceeded All Expectations"– IDFC Mutual Fund

Following a year of falling growth for India, Suyash Choudhary, Head of Fixed Income at IDFC Mutual Fund, reflects on some of the economy’s challenges.

7 Jan 2020

Assessing Saudi Arabia’s Investment Landscape: What Investors Really Think

Saudi Arabia’s economic prospects are on a positive trajectory, but a number of leading investors are of the view that the market is missing the mark when it comes appraising the Kingdom’s ability to achieve its fiscal consolidation objectives or tackle emerging headwinds. Whilst significant reforms have opened the country to greater FDI and boosted investor confidence, concerns regarding the…

16 Oct 2019

IDFC Asset Management: NBFC Defaults Are Cyclical, Not Structural Issue

Late last year, India’s markets were rocked by a number of high-profile defaults in its non-banking financial institutions (NBFCs) sector. Since then, Narendra Modi’s thumping election victory, weakening domestic consumption and the government’s potential Eurobond debut have added to the noise, painting a puzzling picture of India’s underlying economic potential. Bonds & Loans speaks with Suyash…

18 Sep 2019

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

Despite some positive developments last week, we think the three key issues for risk assets have not been resolved yet. Hong Kong protests continue, while reports suggest the US and China remain far apart. Even Brexit has likely been given only a three month reprieve. We remain negative on EM until these key issues have been ultimately resolved.

9 Sep 2019

Bahrain’s Mumtalakat CEO Eyes Global Investments with Positive Real Economic Impact

Known for a wide range of high-profile investments into companies like automotive heavyweight McLaren Group and metals giant Aluminium Bahrain (Alba), Mumtalakat – Bahrain’s sovereign wealth fund – is doubling down on its search for investment opportunities that have a lasting positive impact on the real economy. Several months after it issued a debut sukuk and ahead of its 15-year anniversary,…

4 Sep 2019

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