Macro
Turkey: An Economy in Need of Transformation
Without a strong revival on the fixed income investment outlook for Turkey, analysts remain bearish on the country’s prospects. As Turkey’s relatively young population moves into the workforce en masse, hopes for the country’s longer-term prospects hinge on confidence in an economic and structural evolution long overdue.
13 Sept 2016
Yapi Kredi CFO Massimo Francese on Turkey’s banking sector and future funding opportunities
Turkey’s markets have experienced a lot over the last couple of months. Despite perceived volatility however, the country’s fundamentals remain strong. We speak with Massimo Francese, Executive VP and CFO at Yapi Kredi on the strength of the Turkish banking sector, how the Bank’s overall strategy will play out going forward and how the Bank is adapting to Basel III.
9 Sept 2016
Edgar Maldonado, CFO Acosta Verde - Building on Real Estate Growth
Mexico’s Real Estate Sector is on the rise. Edgar Rene Maldonado de los Reyes, Chief Financial Officer at Acosta Verde discusses what factors have enabled the sector’s growth and which external factors could cause clouds to form on the horizon.
8 Sept 2016
Alternatives available for South African SOCs following investor withdrawals
Although Futuregrowth Asset Management and Jyske Bank’s announcements that they will not lend to South Africa SOCs has had some impact on the country’s markets, the main driver for their lacklustre performance has been concerns over government infighting and the Ministry of Finance’s independence. The news could, however, prompt other SOCs to improve on governance and transparency.
7 Sept 2016
Brazil: Temer’s Responsibility
Since the economy is affected by expectations, the perception of change is already producing alleviation in the financial market, after the stress experienced last year and the start of this year, when the markets envisioned a rising likelihood that the Rousseff administration would lose control of inflation, or even default on the sovereign debt.
6 Sept 2016
FX, not recession, swaying investors' hearts on Nigeria
The fact that Nigeria has officially entered a recession is not likely to dampen investor sentiment around the country despite its current economic situation. Sentiment will, however, be affected by the ability of the government to implement a new FX policy. Until this occurs, many fixed income investors will wait on the side lines.
5 Sept 2016
An External Perspective on Investing in Mexico
As one of the strongest countries in Latin America, Mexico is an attractive investment destination. The country’s geographic and economic proximity to the US brings benefits as well as concern. Jack Deino, Head of EM Corporate Credit, BlackRock discusses potentially lucrative investment opportunities as well as the risks investors will face going forward.
5 Sept 2016
With Dilma out, all eyes on structural reform
With the passage of Dilma Rousseff’s impeachment earlier this week and an appeal to Brazil’s top court unlikely to succeed, investors are now shifting their attention to whether the country’s lawmakers will be able to push through essential reforms – on which any long-term material improvement in the country’s circumstances depend.
2 Sept 2016
What Lies Underneath? Portfolio Flows to Emerging Markets and Benchmark-Driven Investors
What drives cross-border portfolio flows to emerging markets? In our recent research, we focus on the role of benchmarks, which can trigger correlated portfolio flows, connecting countries that might otherwise be disconnected through country fundamentals. We attempt to quantify the size of benchmark-driven investors in EM local-currency bond markets, including its variation across time and…
1 Sept 2016
Investing in Mexican infrastructure
With infrastructure playing an important role in the growth of the Mexican economy, we speak to Jose María Zertuche, Managing Director and CIO of BlackRock’s Mexico Infrastructure Investment Group about investing in the country’s growing infrastructure pipeline and what factors to be wary of.
1 Sept 2016