The recent Annual Meeting of the IMF reinforced that EM debt investors should pay extra attention to countries’ individual circumstances, write Aaron Grehan and Carmen Altenkirch.
The benefits of exposure to a portfolio of balanced convertible bonds are obvious over nearly any long time horizon. During the later stages of an economic and market cycle, however, the rationale for investing in convertible bonds becomes even more compelling.
With emerging market assets under pressure on the back of rising US interest rates, a strong dollar and an escalating trade war between the US and China, our equity and bond teams give their opinion on areas to avoid and where pockets of value are emerging.
Trump’s tariffs on Chinese imports are stoking market volatility, but there are also longer-term implications for economic growth in the US and beyond.