An analysis of what the future holds for emerging market debt, its robustness to external shocks and what this means for performance
It hasn’t been the easiest of years for Emerging Market Debt (EMD) in 2018 so far. Having shot the lights out in 2016 and repeated that same feat in 2017, the asset class saw investors piling in, hungry for yield and stable income. 2018, characterised by an ever-stronger US Dollar and heightening trade tensions, reversed some of these gains as performance has been in negative territory for the first-half of the year, for both local currency and hard currency bonds.
In this paper, we will be seeking to gain insight into what the future holds by delving into recent economic history, identifying factors affecting prices/returns, using case studies and analysing the effects that the consensus market outlooks may have on future performance.
To read the full report click here.
This communication contains written material that is generic in nature and not related to a specific financial instrument. It is not personalised to reflect the circumstances of an individual client and therefore does not amount to a personal recommendation to any person. It does not contain any substantive analysis and does not and is not intended to recommend or suggest any investment strategy or opinion as to the future value or price of financial instruments of any kind. This communication is also made openly available at the same time to any investment firms wishing to receive it or to the general public on this ("Fidante Partners") website www.fidante.com. Recipients of this communication based in the EEA who are subject to regulation under MiFID should note that while they must make their own determination Fidante Partners Europe Limited ("Fidante Partners") is of the view that this communication constitutes a “minor non-monetary benefit”.