Sentences with phrase «local currency bonds»

He is also portfolio manager for the emerging markets local currency bond portfolios.

We use a five - year bond as representative of the approximate duration risk an investor faces in a broad emerging markets local currency bond index.

The iShares J.P. Morgan EM Local Currency Bond ETF provides exposure to bond issues across several emerging markets — a riskier proposition on its face than investing in developed countries with better credit ratings, which helps explain the high yield.

The two largest holdings, which each represent 15 % of the total, are iShares MSCI EAFE Small - Cap ETF and iShares Emerging Markets Local Currency Bond ETF.

The S&P Pan Asia Bond Index, which seeks to track local currency bonds in 10 countries and is calculated in USD, continued to be weighed down by the weakness of local currencies in 2016, dropping 1.86 % for the year.

Many Pan Asian local currency bond markets are now made easier for foreign investors to access, particular through the use of exchange traded products.

Finally, we prefer hard - currency EM bonds — particularly high - yielding oil exporters such as Russia, Colombia and Kazakhstan — and short - duration local currency bonds in some countries.

Bonds denominated in renminbi in the Hong Kong market, known as CNH bonds, outperformed dollar - denominated and other local currency bonds in Asia last year, with a more than 6 % total return in dollar terms, as investors sought stability in the resilience of the Chinese currency, according to a report by HSBC.

Emerging - market local currency bonds returned almost 3 per cent, while equities from developing nations also clung onto gains.

In the EM local currency bond space, Colombia (10 - year yield -37 bp), South Africa -LRB--18 bp), and Ukraine -LRB--17 bp) have outperformed this week, while the Philippines (10 - year yield +27), Brazil (+20 bp), and Mexico (+4 bp) have underperformed.

As tracked by the S&P Japan Bond Index, a broad base benchmark that measures the performance of the government and corporate local currency bonds in Japan, the total outstanding par amount have reached over 1,070 trillion Yen this August.

On the other hand, the U.S. and European bond markets exhibited low correlations with the Pan Asia and Chinese local currency bond markets over the same period.

So, the next time you find yourself cornered at a cocktail party, just remember these four things: Emerging market local currency bonds appear to offer attractive real yields and improving credit quality.

The overall local currency bond market in Indonesia, as represented by the S&P Indonesia Bond Index, rose 14.05 % YTD, and it was the best - performing country within Pan Asian bond universe.

Regardless of the surprises, or the volatilities, the risk appetite for the Asian local currency bonds continues to be very solid, which implies the investors are happy with the risk premium they are receiving.

Argo Local Markets Fund (ALMF, $ 7 mio): This is a new long / short emerging markets local currency bond fund, launched in Nov - 2012.

Despite the weakness in local currencies, the S&P Pan Asia Bond Index, which is designed to track local currency bonds in 10 countries and is calculated in USD, delivered a total return of 1.45 % for 2015.

And indeed, Rosneft this week raised some $ 9.4 billion through the sale of local currency bonds, at a time when it has no other conceivable use for such a huge pile of cash.

Investors should also find ample liquidity in the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC), with $ 55.01 M in daily dollar volume.

Other investors may want to consider the iShares Emerging Markets Local Currency Bond ETF (LEMB), iShares Emerging Markets Corporate Bond ETF (CEMB), or iShares Emerging Markets High Yield Bond ETF (EMHY).

Reflecting the strong demand and continuous development, the size of the Asian local currency bond markets, measured by the S&P Pan Asia Bond Index, expanded by more than 9 % to USD 6.94 trillion in 2014.

The S&P Pan Asia Bond Index, which seeks to track local currency bonds in 10 countries and is calculated in USD, reversed its loss in 2016 and delivered a total return of 7.86 % in 2017.

The emerging market slaughter will continue, especially for countries with weaker fundamentals; their equities, currency and local currency bonds and foreign currency bonds bearish slump has not yet reached the bottom.

The S&P Pan Asia Bond Index tracks the performance of the local currency bonds in the 10 Pan Asian countries.

The size of Asia's local currency bond markets, as measured by the S&P Pan Asia Bond Index, gained 20 % to reach USD 10.3 trillion in 2016, reflecting steady market expansion.

It is 1.7 times the size of the local currency bond market in China, as measured by the S&P China Bond Index.

The size of the local currency bond market in Japan (tracked by the S&P Japan Bond Index) stood at JPY 1,154 trillion as of Jan. 27, 2016, which is equivalent to USD 9.7 trillion.

Question One: How big is Japan's local currency bond market?

The local currency bond market, as tracked by the S&P China Bond Index, grew over 19 % in the past year.

Exhibit 1 lists the yield - to - worst of the ten local currency bond markets tracked by the S&P Pan Asia Bond Index.

Second, EM currency and EM local currency bonds — which are among the largest allocations within the All Asset strategies — both benefit from higher real interest rates in EM relative to developed markets, as well as recent appreciation of EM foreign exchange rates (arising from cheap valuations).

The size of Asia's local currency bond markets, as measured by the S&P Pan Asia Bond Index increased 21 % to USD 8.40 trillion in 2015, which reflected the continuous market expansion.

Given recent price and economic momentum, we are reasonably confident the bear market in EM assets — five years long for EM equities and currencies, and three years long for EM local currency bonds — came to an end in January 2016, and the early stages of a bull market look to be well underway.

The size of Asia's local currency bond markets, as measured by the S&P Pan Asia Bond Index, continued to expand and grew 17 % to reach USD 12.1 trillion in 2017.

Before buying an emerging - market bond fund, find out whether the fund focuses on dollar - denominated bonds, local currency bonds or some combination of the two, so you know how much currency risk you're taking.

These local currency bonds will be more volatile, but could prove to be a better diversifier for a portfolio that's mostly devoted to U.S. stocks and bonds.