Investor Insights
Analysts Revise Kenyan GDP Growth to 4.3% for 2020
Kenya’s economy, like many of its peers on the continent, is being hit hard by the COVID-19 pandemic, with analysts revising the country's growth prospects downward.
8 Apr 2020
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM may get a little support from a potential OPEC+ deal to limit oil. Even if a deal is struck, the impact is likely to be fleeting as the global growth outlook remains terrible. We remain negative on EM for the time being. Head of EM Strategy Win Thin's take on key data drivers this week.
6 Apr 2020
BBH: EM Preview for the Week Ahead
EM went along for the ride last week as risk sentiment got a huge boost from the Fed’s QE and the passage of the US Senate-led stimulus bill. This week, improved China PMI readings for March may help the risk rally extend for a bit. Yet the economic toll will still be large as more and more countries go into lockdown. When the scope of the downturn becomes better known, we believe risk sentiment…
30 Mar 2020
EM Telecoms During the Crisis: A Different Kind of Going Viral
When most other sectors face an unprecedented crisis, the telecoms industry could stand to benefit as demand for digital communciations soars on the back of requirements for self-isolation and quarantines across most of the world's nations, argues Manulife's Richard Segal, but the ability of telecoms to prosper in challenging times varies significantly from market to market.
27 Mar 2020
Kenyan Bond Yields Spike Due to Pandemic, Locust Disruption – Cytonn Investments
As the COVID-19 pandemic wracks emerging and developed economies alike, market have gone into overdrive with shares and bonds both suffering heavy sell-offs as investors flee to the safety of US dollars. Kenya’s local currency treasury bonds (TBs) and outstanding Eurobonds have been no exception to this trend.
26 Mar 2020
Ashmore: Assessing the EM Policy Reaction-Function in the Context of a COVID-19 Induced Recession
Ashmore's Deputy Head of Research Gustavo Medeiros assesses the policy reactions in emerging and developed world to the COVID19 pandemic and its impact on the global economy, concluding that EMs - lead by a gradual recovery in China and intra-EM trade - will regain strength and resilience as the crisis subsides.
25 Mar 2020
Liquidity Concerns – Not Solvency – Driving Fixed-Income Pricing - Eaton Vance
As demand for dollars worldwide soars, cracks and dislocations are appearing in various markets including fixed income, which has seen a huge liquidity drain despite largely unchanged fundamentals.
25 Mar 2020
BBH: EM Preview for the Week Ahead
EM and other risk assets are likely to remain under pressure this week as the impact of the coronavirus continues to spread. Germany and Italy announced more severe restrictions on gatherings and travel. Reports that the Republican Senate-led aid bill has stalled due to Democratic resistance hasn’t helped matters, nor have increasingly dire estimates of the potential Q2 contraction for the US.
23 Mar 2020
Do Current Valuations Compensate Investors for Increased Default Risk?
As COVID-19 and the ongoing oil price spat between Riyadh and Moscow continues to wreak havoc on markets across the world, the spreads on high yield assets in both EM and DM have widened significantly. With many companies seeing their revenues take a beating at countries go into lockdown, and with many sovereigns juggling their need for fiscal stimulus with already lopsided public finances, Iain…
23 Mar 2020
IDFC Fund Manager: With Rate Cuts Around the Corner in India, Investors Should Avoid Panic-Selling and Aim for Quality Credits
Despite recent selloffs and growth concerns in India, investors should still find value in higher-quality credits, according to the head of fixed income at Mumbai-based IDFC Mutual Fund.
19 Mar 2020