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Investor Insights

Kenya’s Real Estate Sector Not Heading for a Bubble – Cytonn Investments

Despite a boom in Kenya’s real estate sector in recent years the market is not currently in a bubble, argues a recent report from Cytonn Investments. A bubble is unlikely, the report argues, due to a lack of access to credit, without which unsustainable demand cannot be supported.

31 Jan 2020

BlackRock Fixed Income CIO: Fed’s Policy Statement “Abnormally Normal”

Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income says that while the Fed’s apparent commitment to continued easing and expansion is reassuring, they may look to rein in some of the ‘plentiful’ liquidity pumped into financial markets in recent years.

30 Jan 2020

Yield to Maturity of Individual Securities Key Barometer for Credit Risk – IDFC Mutual Fund

Investors should pay more attention to the yield to maturity (YTM) of individual securities when assessing credit risk in a portfolio, according to a note from Arvind Subramanian, Fund Manager at IDFC Mutual Fund.

30 Jan 2020

Spike in Africa Eurobond Maturities in 2024, 2025 Shouldn’t Overwhelm Sovereign Refinancing – M&G

Despite elevated idiosyncratic risk and concerns around emerging market sentiment more broadly, a spike in African Eurobond maturities in 2024 and 2025 is unlikely to overwhelm the sovereigns’ ability to refinance their bonds given advances in active debt management and a positive track record of repayment, according to M&G Investments.

29 Jan 2020

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

The spread of the coronavirus continues and is likely to weigh on risk assets and EM. Most markets in Emerging Asia are closed for all or part of this week due to the Lunar New Year holiday. China has extended the holiday until February 2 as it struggles to contain the virus. The Asian region is just starting to recover from the global trade tensions, and now it must cope with what is likely to…

27 Jan 2020

Prime Opportunities in EM, Loans & Inflation-Linked Securities – Neuberger Berman

Emerging market high yield debt, loans, and inflation-linked securities are amongst Neuberger Berman’s top picks within the fixed income space, according to a recent report from the firm’s Asset Allocation Committee.

23 Jan 2020

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

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

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