Is Emerging Markets Debt Attractive Today?
Despite seemingly high yields, today is not a particularly attractive time to buy emerging markets debt, whether hard currency or local currency.
Emerging/Frontier
Investment Publications Highlights: November 2015
November’s publication summarizes three articles on China. The first suggests that the country’s GDP growth rate is unlikely to decline severely, the second argues that the government’s policies to stabilize the economy probably will promote a more sustainable growth path, and the third highlights how China’s slowing growth may limit global growth.
The Potential Attractions of Frontier Markets Equities
Frontier markets equities present an interesting opportunity for long-term investors with an understanding of the risks and pitfalls of this asset class.
US Manager Universe Statistics: Third Quarter 2015
This chart book presents representative marketable and hedge fund manager performance for third quarter 2015.
Now That Emerging Markets Equities Are Very Undervalued, Should Investors Increase Overweights?
No. We continue to advise small overweights to Asia ex Japan or emerging Asia relative to US equities, but would not suggest investors add more substantial overweights unless they have an exceptionally long time horizon and the ability to tolerate substantial volatility. The risks to emerging markets are well known. Commodity weakness, a slowdown in…
The Saudi Market Is Open for Business. Is This an Attractive Off-Benchmark Opportunity?
The Saudi equity market is closer to presenting an interesting opportunity for international investors than this time last year.
Emerging Markets: Putting a Premium on Patience
Emerging markets equities have tested investors’ patience in recent years, but those with a long time horizon should maintain their overweights, as today’s exceptionally low valuations should pay off in higher returns
Assessing the Likelihood of Another EM Currency Crisis
We do not anticipate a systemic emerging markets currency crisis like that of the late 1990s, though EM currency weakness and volatility are likely to persist for the next few years.
US Manager Universe Statistics: Second Quarter 2015
This chart book presents representative marketable and hedge fund manager performance for second quarter 2015.
What Should Investors Make of Recent Headlines from China and Greece?
The situations in China and Greece, not to mention Puerto Rico’s debt woes, serve as a poignant reminder not to be complacent. Investors should take care that portfolios are well constructed, diversified, and consistent with their ability to absorb downside risks while meeting long-term return objectives. With risks rising in some areas, and few bargains…