All Asset Class Reports articles – Page 31
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Asset Class ReportsEmerging Market Debt: Localising, globalising
Joseph Mariathasan finds that fast developing emerging debt markets present opportunities for risk-taking and challenges for benchmarking and performance measurement
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Asset Class Reports
Emerging Market Debt: What role do indices play?
The key sub-components of the emerging market debt (EMD) are the original hard currency sovereign debt, followed now by local currency sovereign debt and, increasingly, hard currency corporate debt. At some stage local currency corporate debt may also come to have significant size. There are two questions that need to ...
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Asset Class Reports
Emerging Market Debt: Local currency bonds
Emerging market debt (EMD) originated as a hard currency debt market but today it is the local currency issuance that dominates the sovereign debt marketplace, while hard currency issuance in 2007-08 was 70% corporate.
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Asset Class Reports
Emerging market debt: Emerging market debt goes local
Building out term structures, liquidity and diversity in emerging market debt will improve the efficiency of both emerging economies and investors portfolios, write Peter Botoucharov and Edouard Stirling
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Asset Class ReportsEmerging market debt – A reconfiguring world
High credit spreads and strong currency performance are just two reasons why emerging debt markets are set to eclipse the performance of G7 countries in the coming year, writes Peter Marber
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Asset Class Reports
Emerging Market Debt: Portfolio focus: Fringe benefits
As an asset class, emerging market debt (EMD) is generating a real buzz among asset managers and investors. It may take some time, but pension fund allocations are expected to rise, given the mismatch between current allocations to the emerging markets and their increasing economic importance. Insight Investment head of EMD, Colm McDonagh, says: “Less than 1% of global pension fund assets are in emerging markets; it should be significantly higher. Within 10 years, emerging market countries will have 50% of global GDP.”
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Asset Class ReportsCredit: New world order
Joseph Mariathasan finds corporate bond managers coping with the new realities around benchmarking, ‘risk-free’ rates and agency credit ratings
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Asset Class Reports
Credit: Graded ‘could do better’
Martin Steward talks to Standard & Poor’s about what exactly it means to rate a security AAA
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Asset Class Reports
Credit: Real yields for real money
Martin Steward speaks to Babson Capital Europe, which argues that the time has come for European pension funds to allocate seriously to the loans market
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Asset Class Reports
Credit: Qualities for the long term
Madeline Forrester makes the case for investing in high yield as part of a longer-term strategy
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Asset Class Reports
Credit: Far from junk
High yield was a screaming buy back in March 2009. Joseph Mariathasan finds that healthy fundamentals provide good support for latecomers to come in when the broader markets get jittery
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Asset Class ReportsUS Equities: Style bias
Joseph Mariathasan uncovers a wide range of strategies among top performers in US equities
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Asset Class ReportsPrivate Equity: Coping with the hangover
After the big binge on leverage, Joseph Mariathasan finds that the next generation of private equity investors will have to go cold turkey, not rely on a hair of the dog
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Asset Class Reports
Private Equity: Don’t overlook the hidden costs
Cyril Demaria looks at factors that can generate substantial costs for large institutional investors apart from the usual direct and indirect costs associated with investing in private equity funds
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Asset Class ReportsGlobal fixed income: Outward bound
European investors are breaking free of local markets and global benchmarks in the search for yield, writes Joseph Mariathasan
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Asset Class ReportsValue traps
Michele Gambera uses UK equities to reveal how excluding or including companies with negative earnings skews the P/E ratio of the market
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Asset Class ReportsEuropean equities: Never out of style
Managing European equities has to be about avoiding style biases, finds Joseph Mariathasan. He speaks to five managers who have squeezed alpha from very different markets with very distinct strategies
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Asset Class Reports
Not just all-in on BRICs
Joseph Mariathasan and Martin Steward research some of the top performers in emerging market equities and finds considerable diversification, not only between top-down and bottom-up approaches, but between valuation methodologies
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Asset Class Reports
Where next for hedgies?
Market conditions, consolidation and regulatory developments are changing the landscape for hedge funds. Jean-Charles Bertrand explores the new topography
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Asset Class ReportsStill the wild frontier
US small and mid caps remain the crucible of corporate capitalism and opportunity. But Joseph Mariathasan finds that the challenge is in steering through the sheer variety of stocks and managers
