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Investor Insights

Fixed-Income Investors Look to Dump HY, Pile into Private Credit as Clouds Gather over Economy – Blackrock

More late cycle-related rebalancing is likely to take place in 2020 amid declining global rates and a whole host of destabilizing factors, including geopolitical uncertainty and economic “black swans”.

28 Feb 2020

Oil, Non-Oil Growth Continue to Head in Opposite Directions in Saudi Arabia

The Saudi economy experienced a temporary growth slowdown through much of 2019 while non-oil growth saw one of the strongest performances in a year, a trend analysts believe may continue through much of 2020.

28 Feb 2020

Investors Should Look to Corporates as the ‘Core’ of Emerging Market Debt – Pinebridge

While the early years of emerging market investing for global asset managers was largely dominated by sovereign placements, which have since formed the core of the asset class, the index and liquidity environment we find ourselves in today should prompt a rethink, argue Pinebridge emerging market debt asset managers.

26 Feb 2020

BBH: EM Preview for the Week Ahead

The still-growing impact of the coronavirus should keep EM and risk sentiment under pressure this week. The weekend G20 meeting in Saudi Arabia acknowledged the risks to the global economy and said participants agreed on a “menu of policy options.” However, the G20 offered little specific in terms of a coordinated policy response.

24 Feb 2020

Kenya Announces Plans to Streamline Building Approval Processes

Kenya’s Principal Secretary for Housing & Urban Development, Charles Hinga, announced plans this week to harmonise building fees and approval processes for buildings throughout the country. The move is intended to cut costs for developers, spur the growth of affordable housing, and stimulate investor participation in the sector.

20 Feb 2020

Ashmore: Quantifying EM Sovereign Fair Value

It is tough to beat the long-term risk-adjusted returns of Emerging Markets (EM) sovereign debt. The asset class has consistently delivered steady performance even during poor macroeconomic environments for EM economies. On a forward-looking basis, a simple quantitative analysis demonstrates investors receive six to ten times more spread over US Treasury than the actual default risk embedded in…

19 Feb 2020

BBH: EM Preview for the Week Ahead

Risk-off sentiment intensified last week. Near-term, we think EM is likely to remain under pressure until the full impact of the coronavirus is better known. On top of this, there is broad-based dollar strength. Besides the safe haven flows, the US outlook remains very strong. Taken in conjunction with the recent weak data out of Germany, France, and Japan, it’s clear that the US economy…

10 Feb 2020

EM Local Markets and USD High Yield from Ukraine, Egypt to Remain Attractive in 2020 - Nuveen

In its global investment outlook note titled “20/20 vision: a clearer path for growth” the firm maintains a bullish stance on emerging markets.

4 Feb 2020

Middle East Investor Appetite for Russian Bonds Grows with Latest Bank Deals

In January this year, Emirates NBD became the first Middle Eastern bank to participate with an international bond from Russia, but investors from the region have been increasing their exposure to Russian credits for some time.

4 Feb 2020

AXA Sees Greater Investment Opportunities in EM Green Bonds – But ESG Still Needs Improvement

Emerging market green bond investment opportunities are looking increasingly attractive to global institutional investors – but EM issuers still need to continue improving on the ESG front in order to improve global investor penetration, AXA senior economist Irina Topa-Serry says.

3 Feb 2020

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