Sentences with phrase «local currency debt»

An emerging markets bond fund that integrates sovereign hard currency debt, local currency debt, emerging market corporate debt, and emerging market currency rates within an actively managed, strategic asset - allocation framework.

Emerging Markets Debt Opportunities Fund (EELDX) 3 Years Out of 18 Emerging Markets Local Currency Debt Funds

Emerging Markets Local Income Fund (EEIIX) 5 Years Out of 14 Emerging Markets Local Currency Debt Funds

Based on par amount outstanding of J.P. Morgan EMBI Global (USD - denominated debt) and J.P. Morgan GBI - EM (local currency debt) indexes.

6 Moreover, 15 years ago only a handful of countries were in a position to issue local currency debt, and their average credit rating was BBB +.

Now many more countries participate in the local currency debt market, and the average credit rating is closer to A --(Table 1).

Local currency debt in Asia totaled $ 441 billion in 2012, down 2 % from the record set in the previous year.

Emerging Markets Local Income Fund (EEIIX) 5 Years Out of 14 Emerging Markets Local Currency Debt Funds

As do foreign investors in local currency debt that want exposure to domestic credit and interest rates, but not exchange rates, as well as other non-residents who are willing and able to take on exchange rate risk.

Our emerging markets unit includes the sales and trading of global sovereign debt, non-US corporate debt and local currency debt.

Not exact matches

And while most emerging market debt continues to be issued in local currencies, the IIF said that foreign currency denominated debt issued in these nations swelled by $ 800 billion last year to a record high of $ 8.3 trillion.

It puts 25 % into foreign stocks, 25 % into U.S. Treasuries, and 10 % each into commodities, emerging - market currency, bank loans, high - yield bonds, and 5 % each into TIPS and local - currency emerging - market debt.

However, while we are in the sweet spot, we do see selected opportunities among EM assets that investors may want to consider, including in EM local - currency debt and certain equity markets.

Unhedged foreign currency debt, as was prominent in 1997, means that a fall in the currency pushes up debt servicing costs for the government, local corporates and banks, but a rise in interest rates to assist the exchange rate has the same adverse effect.

This eliminates direct currency risk for US investors, but raises the possibility that a strengthening dollar or weakening local currency could make the debt harder to service, increasing credit risk.

And these deficits are now being financed in riskier ways: more debt than equity; more short - term debt than long - term debt; more foreign - currency debt than local - currency debt; and more financing from fickle cross-border interbank flows.

Against this environment, our strategists remain bullish on equities and continue to favor emerging market currencies and, in the fixed income space, prefer local markets over external debt and maintain their higher - yielding yet better - quality bias.

Also, we have offers for over 500 billion rupees debt at very competitive rates, both foreign currency and local.»

Indeed, the stock of local currency government debt securities outstanding for a representative sample of Asian markets has increased five-fold over the past 15 years (it's hard to go back much further).

[9] Nonetheless, for emerging Asian economies there has tended to be a positive association between increased foreign holdings of local currency government debt and growth in onshore FX derivatives turnover.

The government's strategy continues to be to lengthen the debt maturity and increase the share of pure local currency - denominated debt.

«Local - currency debt issuance now exceeds external issuance,» notes Riches - Flores.

«Therefore, following the dramatic collapse in price, the now aggressive central bank action and Russia's ability to pay, sovereign [debt] is very attractive in both the dollar and particularly in local currency terms.»

The iShares International Treasury Bond ETF tracks a market weighted index of local currency non-US government issued debt.

«Many investors are looking for exposure to emerging markets, but do not have the risk appetite for emerging market equities or emerging market local - currency debt,» said Fijalkowski.

The Company is a fund manager across six core investment themes, such as external debt, local currency, special situations, equity, corporate high yield and multi-strategy.»

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

Ghana, which exports cocoa, gold and oil, is following a credit programme by the International Monetary Fund to rein in its fiscal deficit and public debt while stabilising the volatile local currency.

The botanists will pay up to half of the value of the debt in dollars, and in return they will get the full value of the debt paid back to them in soft local currency, doubling the money available for botanical research in Madagascar.

Local - currency debt appears well supported in an environment of low currency volatility.

Most of those governments have debt denominated in their local currency as well so it may seem like they should all have similar rates.

EM Debt is represented by the JP Morgan GBI Emerging Markets Global Diversified Index, which is a comprehensive global, local emerging - markets index, and consists of liquid, fixed - rate, domestic - currency government bonds.

The fund invests, under normal circumstances, at least 80 % of its net assets plus any borrowings for investment purposes (measured at the time of purchase)(«Net Assets») in sovereign and corporate debt securities of issuers in emerging market countries, denominated in the local currency of such emerging market countries, and other instruments, including credit linked notes and other investments, with similar economic exposures.

Summary One of the most compelling investment opportunities at this time appears to be local currency emerging market debt.

Since that time the market for local currency emerging markets debt has soared past $ 1 trillion, while external currency debt has grown from about $ 200 million to $ 500 million.

For instance, over the 24 months through 31 January 2018, EM assets delivered cumulative returns of 78.11 % for equities, 31.88 % for local bonds and 20.21 % for currencies (as proxied by the MSCI EM index for equities, JPMorgan GBI - EM Global Diversified Composite (Unhedged) index for local debt and JPMorgan ELMI + Composite for currencies).

Similarly, there's no emerging - market debt, which is now mostly denominated in local currencies, not U.S. dollars.

Class A shares with sales charges performance reflects the maximum 5.5 % sales charge, with the following exceptions: Class A shares of Hartford Emerging Markets Local Debt, Hartford High Yield, Hartford Inflation Plus, Hartford Municipal Opportunities, Hartford Municipal Real Return, Hartford Strategic Income, Hartford Total Return Bond, Hartford World Bond, Hartford Schroders Emerging Markets Debt and Currency, Hartford Schroders Tax - Aware Bond, Hartford Schroders Emerging Markets Multi-Sector Bond and Hartford Schroders Global Strategic Bond reflect a maximum 4.5 % sales charge; Class A shares of Hartford Floating Rate and Hartford Floating Rate High Income reflect a maximum 3.0 % sales charge; Class A shares of Hartford Short Duration reflect a maximum 2.0 % sales charge.

Therefore, as the U.S. dollar appreciates against a local emerging market currency the debt service costs rise and make a risky asset even more risky.

He focuses most of his investment effort on assessing opportunities in local debt and currency markets.

This ETF tracks the Barclays EM Local Currency Government Diversified Index which is a fixed - rate local currency sovereign debt of emerging market countLocal Currency Government Diversified Index which is a fixed - rate local currency sovereign debt of emerging market coCurrency Government Diversified Index which is a fixed - rate local currency sovereign debt of emerging market countlocal currency sovereign debt of emerging market cocurrency sovereign debt of emerging market countries.

When Emerging Market Debts (Local Currency) Perform Poorly A downturn in the local currency or weak economic progress will hurt the performance of these bLocal Currency) Perform Poorly A downturn in the local currency or weak economic progress will hurt the performance of thesCurrency) Perform Poorly A downturn in the local currency or weak economic progress will hurt the performance of these blocal currency or weak economic progress will hurt the performance of thescurrency or weak economic progress will hurt the performance of these bonds.

These debts track emerging markets but are instead denominated in the local currency.

This group of debts is denominated in U.S. dollars, meaning that it will rely on the performance of that currency more so than the local currency.

When Emerging Market Debts (Local Currency) Perform Well A strong performance in the local currency or positive signs of economic growth will bolster these bLocal Currency) Perform Well A strong performance in the local currency or positive signs of economic growth will bolster thesCurrency) Perform Well A strong performance in the local currency or positive signs of economic growth will bolster these blocal currency or positive signs of economic growth will bolster thescurrency or positive signs of economic growth will bolster these bonds.

With money leaving local economies across Ireland to service debt and significant drops in local authority revenues, towns such as Dundalk, Ennis and Kilkenny are investigating the possibility of bringing in electronic currencies to keep money circulating locally, as Richard Douthwaite reveals.

Such factors include, but are not limited to: the Company's ability to meet debt service requirements, the availability and terms of financing, changes in the Company's credit rating, changes in market rates of interest and foreign exchange rates for foreign currencies, changes in value of investments in foreign entities, the ability to hedge interest rate risk, risks associated with the acquisition, development, expansion, leasing and management of properties, general risks related to retail real estate, the liquidity of real estate investments, environmental liabilities, international, national, regional and local economic climates, changes in market rental rates, trends in the retail industry, relationships with anchor tenants, the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise, risks relating to joint venture properties, costs of common area maintenance, competitive market forces, risks related to international activities, insurance costs and coverage, terrorist activities, changes in economic and market conditions and maintenance of our status as a real estate investment trust.