Emerging market hard-currency bonds generally seem a better buy now than their local-currency equivalents, says Sergio Trigo-Paz, the US fund house's head of EM debt.
Tag : emerging market debt
Hedge funds, urged by banks to buy big into EM debt ahead of Japanese institutions, were left high and dry, says the UK fund house's co-head of research.
For many insurance companies, pension funds and banks, the need to diversify bond portfolios abroad is understood, but few seem prepared to act.
Experts see a cyclical reordering in emerging markets as LatAm overtakes Asia in appeal, while institutional investors are set to transform market dynamics.
Inflation is not properly priced-in in some emerging markets, argues the global head of macro and investment strategy at HSBC Global Asset Management.
Global investors must learn to accept volatility and market ‘roadblocks’ if they are to capture the potential of emerging markets, says BNPP executive Vincent Camerlynck.
Although emerging-market debt is attractive, the bond house is wary of potentially illiquid exposures.