Donald Trump’s willingness to replace long-term global political planning in favour of short-term political opportunism marks a departure from 70-odd years of US foreign policy. In a nutshell, after a long line of US presidents worked hard to build global political capital and the Trump Administration has now decided to spend it. What does this mean for investors and policy makers in other…
9 Jul 2019
EM FX remains vulnerable to ongoing global trade tensions. It may also suffer from the recalibration of market expectations regarding Fed policy. We remain negative on EM near-term until the outlook for both of these major drivers becomes clearer.
8 Jul 2019
It’s been a slow year for investors eyeing distressed debt opportunities. With distressed funds worldwide securing substantially lower volumes than in 2018, and a potential reversal in US interest rate rises on the horizon, many investors currently view conventional strategies more favourably. Against a backdrop of continued volatility and a growing number of warning signs in both developed and…
4 Jul 2019
EM and risk assets should get a near-term boost from the good news coming out of the G20 meeting. Still, we caution against getting too optimistic on EM. Current US tariffs on Chinese goods will remain in place, which will continue to act as a headwind on global growth and trade.
1 Jul 2019
Hadley Peer Marshall, Managing Director of Infrastructure Debt at Brookfield speaks with Bonds & Loans about managing local currency constraints when investing in infrastructure in Latin America, and new sectors generating investment opportunities.
28 Jun 2019
A closer look at the major strengths, weaknesses, opportunities and threats influencing the investment and debt capital markets climate in the GCC economies.
27 Jun 2019
Ashmore's Global Head of Research Jan Dehn investigates the correlation between "headline risk" - both in traditional press and social media - and return on investment in emerging markets, concluding that, for all its faults, the media still serves an important function.
24 Jun 2019
EM is benefiting from the more benign global liquidity story. However, we do not think this is enough to sustain the rally. Global growth and trade remains at risk and so we are cautious about piling into EM right now.
24 Jun 2019
ESG – shorthand for environmental, social and governance – considerations are increasingly being prioritised by organisations, investors and lenders alike. But quantifying its influence on credit risk and funding is proving to be quite elusive. A group of former finance professionals and academics is trying to change that by putting “intangibles” like human risk, corporate culture and values at…
19 Jun 2019
The current fragile state of Brazil’s economy carries high risks. This time around, there are no buffers, because the unemployment rate is already at record highs. A recession now would entail social costs much greater than those of 2015, warns XPI's Zeina Latif.
14 Jun 2019