Sentences with phrase «in emerging market debt»

In emerging market debt, not only do passive exchange - traded funds (ETFs) tend to underperform their benchmarks, the most widely used indices are narrowly focused and exclude a large portion of the opportunity set.

That's the same for high yield ETF holdings in emerging market debt.

«The opportunity in emerging market debt looks better, with many currencies having weakened significantly,» he adds.

There's opportunity in emerging market debt despite growing concerns over higher credit levels and the impact of a strong dollar, the chief executive of Goldman Sachs Asset Management told CNBC on Tuesday.

Not exact matches

The strong dollar was felt widely across commodity markets and the emerging economies that are now borrowing record amounts of debt in the U.S. currency — $ 3.7 trillion according to the latest figures this week from the Bank for International Settlements.

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.

Other underperformers could include emerging - market stocks, which, while positively affected by any rise in commodity prices, would be vulnerable to further strength in the U.S. dollar, in which much of their debt is denominated.

He points to high levels of global debt, low liquidity in markets, political events affecting trade and structural imbalances in some emerging economies.

In the short - term, however, this increased leverage may actually be bullish for junk bonds, corporate bonds, emerging market debt and mortgage - backed securities as it brings higher prices and lower yields, he said.

Although there may not be a bond bubble, with investors starved for yield, Gundlach predicts a potential bubble could form in credit risk as investors increase their leverage on riskier debt securities like junk bonds and emerging market debt.

There's no new theme to it, just more riffs on the old one of a self - reinforcing spiral of slower growth in China crushing the economies of its raw material suppliers, while an appreciating dollar makes it ever harder for emerging market companies and governments to repay the debts they gleefully took on when the Federal Reserve was giving away dollars for free.

She began her career working in Mergers & Acquisitions and Debt Capital Markets, and became the Global Head of Analyst and Associate Acquisition and Development, leading the effort to build a global pipeline of emerging advisor talent.

These include currency - hedged ETFs, triple - levered ETFs based on commodities, unconstrained bond funds with short positions betting against U.S. Treasurys, private equity funds, emerging market debt instruments, historically less - liquid bank loan funds, and all manner of actively managed strategies packaged in supposedly easy to buy and sell wrappers.

Staley told CNBC that given the high level of debt across the world, in particular among emerging markets where dollar - denominated debt has grown dramatically, many economies could be at risk if there were sudden changes in financial conditions.

The woman, who works at a company in eastern Tokyo, said she plans to invest more in stocks than in debt, with a focus on foreign equities including those from emerging markets.

«The sale of some state - owned enterprises should help lower Vietnam's rising national debt [and] also attract significant foreign direct investment,» Chetan Sehgal, director of global emerging markets and small cap strategies at Templeton Emerging Markets Group, said in aemerging markets and small cap strategies at Templeton Emerging Markets Group, said in anmarkets and small cap strategies at Templeton Emerging Markets Group, said in aEmerging Markets Group, said in anMarkets Group, said in an email.

In 1998 you had a rolling crisis of sorts where lots of little problems (emerging market debt scares) eventually boiled over into one bigger problem (the Russian default) and then appeared to be rolling over into foreign markets with the LTCM debacle.

September 2013 (699 kb PDF file): The Research Summaries in the September 2013 IMF Research Bulletin focus on «External Conditions and Debt Sustainability in Latin America» (Gustavo Adler and Sebastian Sosa) and «Monetary Policy Cyclicality in Emerging Markets» (Donal McGettigan, Kenji Moriyama, and Chad Steinberg).

Overall, this augurs for globally diverse fixed income exposures, including a preference for up - in - quality credit exposures and an allocation to emerging market debt for investors who can tolerate the added risk.

China certainly has a high absolute level of debt, with levels much higher than those seen in other emerging market (EM) countries who experienced debt crises, according to Bloomberg data.

Highland Capital Brasil Gestora de Recursos («HCB») is an asset management company which pursues investment opportunities in Emerging Market credit strategies with a primary focus on Brazilian corporate debt.

Emerging - market companies have piled on debt in recent years, allured by low interest rates from yield - starved investors.

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.

WisdomTree's Emerging Markets Local Debt ETF is the third largest actively managed ETF with $ 1.4 billion in assets.

As CNBC notes, Roubini predicted in May that four elements — stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran — would come together in to create a storm for the global economy in 2013.

Our Global Market Strategies segment, established in 1999 with our first high yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit, equities and alternative instruments, including bank loans, high yield debt, structured credit products, distressed debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.

Albright Capital, which invests in distressed debt as well as private equity, plans to raise another $ 125 million for its emerging - markets fund, according to filings.

Some $ 100 billion of corporate defaults are plausible, or roughly 15 % of the wall of emerging - market corporate debt scheduled to mature in the next four years.

Too little, too late — The Fed does not raise rates quickly enough, a prospect that could lead to a falloff of as much as 7 percent in emerging - market debt

The fund focuses on US corporate bonds, convertible securities, foreign debt instruments (including those in emerging markets) and US government securities

Corporate debt in emerging markets has more than doubled since 2008 to at least $ 18 trillion in 2014, according to an International Monetary Fund research paper in December.

Investment grade and emerging market debt spreads are right in line with the historical trend line since 2006.

As you can see in the chart below, one of the portfolio's strengths is the freedom it has to go beyond traditional sources of income and pursue nontraditional income sources — such as ETF exposure to bank loans, preferred stock, and emerging market debt — in order to seek yield.

Amid an emerging markets debt crisis in 1998, the Fed cut interest rates to try to guard the United States against economic fallout, which helped the stock market gain a whopping 29 percent that year despite the global troubles.

We assist middle - market and emerging growth companies in accessing the dynamic private capital markets for equity and debt financing.

We would cease to be an emerging growth company if we have more than $ 1.0 billion in annual revenue, have more than $ 700 million in market value of our Class A common stock held by non-affiliates, or issue more than $ 1.0 billion of non-convertible debt over a three - year period.

When market conditions favor wider diversification in the view of Hussman Strategic Advisors, Inc., the Fund's investment manager, the Fund may invest up to 30 % of its net assets in securities outside of the U.S. fixed - income market, such as utility and other energy - related stocks, precious metals and mining stocks, shares of real estate investment trusts («REITs»), shares of exchange - traded funds («ETFs») and other similar instruments, and foreign government debt securities, including debt issued by governments of emerging market countries.

Rather, trading volumes have not kept pace with the surge in debt issuance, reflecting in particular favourable funding conditions in many advanced and emerging market economies (Graph 2, centre panel).

John Stopford, portfolio manager of the Investec GSF Global Strategic Income Fund and co-head of the Investec multi-asset team, says 2014 may be a difficult year for corporate credit and a modest one for emerging markets debt, «but there may be an attractive long - term buying opportunity later in the year.»

The post-2008 dollar debt binge also taught emerging markets corporate finance managers a stern lesson in the risks of currency mismatches, especially when borrowing in a currency that seems weak.

Some concerns surround US dollar - denominated corporate debt, which has risen steeply over the past two years in emerging markets to benefit from low US interest rates.

With interest rates on low - risk investments falling to low levels in many countries, investors have sought to maintain yields by moving into higher - risk assets such as corporate debt and emerging market debt.

In September 2010, Clothilde joined Natixis Asset Management as Currency and Global Emerging markets debt portfolio manager.

And the UK Telegraph's Ambrose Evans - Pritchard notes a «side - effect has been a run on emerging markets, a reversal of hot - money inflows into China, and fresh debt jitters in Portugal, Spain, and Italy.»

We have seen an expansion of global high - yield debt issuance, particularly in European and emerging markets during this cycle (as shown in Exhibit 1).

Central bank intervention in global bond markets has «crowded out» many traditional fixed income investors, driving them to seek yield and income from non-traditional and riskier asset classes such as high yield, emerging markets debt, leveraged loans and private credit.

An emerging market is a nation that is progressing toward becoming advanced, as shown by some liquidity in local debt and equity markets and the existence of some form of market exchange and regulatory body.

JP Morgan Emerging Market Bond Index The JPMorgan Emerging Markets Bond Index Global («EMBI Global») tracks total returns for traded external debt instruments in the emerging markets, and is an expanded version of the JPMorganEmerging Market Bond Index The JPMorgan Emerging Markets Bond Index Global («EMBI Global») tracks total returns for traded external debt instruments in the emerging markets, and is an expanded version of the JPMorganEmerging Markets Bond Index Global («EMBI Global») tracks total returns for traded external debt instruments in the emerging markets, and is an expanded version of the JPMorgan Markets Bond Index Global («EMBI Global») tracks total returns for traded external debt instruments in the emerging markets, and is an expanded version of the JPMorganemerging markets, and is an expanded version of the JPMorgan markets, and is an expanded version of the JPMorgan EMBI +.

«Otherwise, the debt dynamics unravel, and this is something we have seen time and again in the emerging markets.»

Yield spreads between emerging market sovereign debt and US Treasuries have remained relatively low over the past three months in most markets (Graph 12).