emerging markets

Chart Of The Week: EM Sovereign CDS

Callum Thomas

This week it's Emerging Markets sovereign CDS (Credit Default Swaps). The reason why I think this chart is really worth paying attention to is that after reaching a record low in mid-January, there has been a swift reassessment of risk in Emerging Markets. Typically when EM sovereign CDS turns up... Show More

Investing where we find the biggest mispricings

Livewire Exclusive

In emerging markets, there’s a small group of Chinese technology businesses that get all the attention. These firms make up a large part of the emerging markets index but offer few opportunities for the contrarian investor. Here, Rohit Chopra from Lazard Asset Management explains where they’re finding opportunities today. Show More

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The key to being a successful investor

Livewire Exclusive

There’s never a dull moment as an emerging markets investor, says Rohit Chopra, Portfolio Manager at the Lazard Emerging Markets Equity Fund. Being successful in emerging markets requires strong conviction, and the patience to ride out volatility. Watch the short video below to hear more. Show More

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Shifting global trade patterns bring new opportunities.

Paul Hennessy

In his latest investment insight, Rob Lovelace, Vice Chairman of Capital Group, explores the profound changes occurring in global trade and key themes investors should consider. Show More

Why Macquarie Bank is betting big on India

Mugunthan Siva

Macquarie Bank has been betting big on the world’s fastest growing economy, India, through its various infrastructure funds and joint ventures. One example is their recent L1 (highest) bid of $1.94bn for nine road assets under the Toll-Operate-Transfer (TOT) model. This deal is one of the largest FDI in public... Show More

India’s Opportunity Explained in Charts

Mugunthan Siva

Successful thematic investing is not just about correctly identifying long term structural trends but also positioning yourself early to take advantage of them as they unfold. We have identified several positive structural changes occurring in India that make it a very attractive opportunity for thematic investors. This long-term opportunity drives... Show More

Outlook 2018: Stars align for Asian markets

Dr. Mary Manning

Asian markets have had a very strong year, up 29% year to date in 2017 (in AUD terms). This performance has been driven by a combination of strong earnings growth and moderate multiple expansion. Outstanding market performance in China and India and strong sector performance in the Asian mega-cap technology... Show More

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The top 10 Charts for 2018

Callum Thomas

I spent a lot of time in the 2017 End of Year Special Edition looking back across the year, covering some of my best charts and calls (and some of the worst!). But this article provides a look at the most important part of that report. Show More

Outlook 2018: Where to for emerging markets?

Fidelity International

2017 was a robust year for Emerging Market (EM) equities with the continuation of a number of appreciating trends which commenced early in 2016. Broad drivers of the market included: Show More

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Uncovering value in India

Peters MacGregor Capital Management

Chief Investment Officer, Wayne Peters, and Head of Research, Nathan Bell explain the investment case of listed holding company, Fairfax India. Fairfax India provides investors exposure to high quality private and public businesses in India. Fairfax's key assets include Bangalore International Airport, IIFL Holdings, NCML and Sanmar Chemicals. Show More

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Would You Lend to Tajikistan?

Jonathan Rochford

The issue of bonds by Tajikistan this month follows on from recent low quality bond issues from Argentina, Greece and Iraq. Emerging market debt investors piled into the offering allowing the nation to issue US$500 million of ten year bonds at 7.125%. Investors who bought in cited the yield on... Show More

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Emerging Market Debt: Dumb, Dumber and Dumbest

Jonathan Rochford

One of the classic signs that the credit cycle is nearing the end is that borrowers that shouldn’t be getting financed not only get funded, but get it at terms that seem crazy. I’ve recently written about the silly things happening in global high yield debt, Chinese debt and the... Show More

emerging markets credit default emerging market debt

What's the difference between EM and DM anyway?

Callum Thomas

Anyone who has been paying attention to emerging markets will have noticed the very interesting price action going on there. But since it's getting more and more attention, it's worth revisiting the very definition of EM vs DM . Show More

emerging markets

India is NOT the next China

Mugunthan Siva

The exciting story surrounding emerging markets has been the rise of two economic powerhouses, India and China. Whilst both countries share some basic similarities, they differ in many significant ways, most importantly stock market returns. In this wire, we articulate how they differ and what investors should expect going forward. Show More

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12 trade ideas from Sohn New York

Alex Cowie

The Sohn Investment Conference was held in NYC earlier this week. Bloomberg summarised the twelve trade ideas put forward by the market luminaries presenting, including Jeffrey Gundlach from DoubleLine Capital’s call to short the S+P500 and go long the iShares EM ETF, levered 100%. Show More

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Why I wouldn't invest in India

Mugunthan Siva

Last week, Apple CEO Tim Cook told analysts that “India is moving fast. They are moving at a speed that I have not seen in any other country in the world.” Despite this and many other positive endorsements, investors often procrastinate and identify reasons not to invest in India’s growth.... Show More

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Everyone has been wrong on global trade growth

Callum Thomas

In the latest edition of the Weekly Macro Themes report we looked at some surprising trends in global trade growth. I say surprising not because the improvement in global trade took me by surprise - our leading indicators clearly flagged it last year (when most people were very bearish on... Show More

I have confidence in...

Callum Thomas

Just wanted to quickly share this chart - it shows consumer sentiment across developed and emerging economies (GDP weighted) using the Reuters/Ipsos Consumer Sentiment Indexes. The chart (from my latest report) shows a clear trend towards new highs in consumer confidence for developed economies, and while emerging markets stumbled in... Show More

The balance sheet red flags a forensic accountant looks for

Livewire Exclusive

Some stock pickers are diversifying into riskier areas such as emerging markets and deep value situations to boost returns. There is definite upside, but also significant risks. Fidelity’s Alex Duffy told Livewire that a risky balance sheet can trigger major write-downs of shareholder wealth “from which there is no comeback.”... Show More

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Beginning to see the light for emerging markets

Marcus Tuck

Similar to European equity markets, another part of the world where fearful perceptions have held back equity valuations is emerging markets. After being fairly range-bound from 2012 to mid-2015, fears of a hard landing for China’s economy impacted emerging markets in the second half of 2015 and early 2016. That... Show More

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