Hidden GEMs: Beware outdated perceptions when comparing credit markets
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Alan Siow, Co-Head of Emerging Market Corporate Debt at Ninety One, emphasizes the need to reassess outdated views on emerging market credit as of August 21, 2024; major economies like the US are grappling with persistent inflation and fiscal deficits post-pandemic; the traditional label of 'emerging markets' is becoming less relevant due to improved fundamentals and resilient sovereign debt performance; recent elections in India, South Africa, and Mexico have shown peaceful democratic processes; EM central banks are ahead in rate-cutting cycles, providing an advantage; emerging markets host many leading global companies with low leverage and strong cash reserves; the case for including EM credit in portfolios is strong, offering comparable or superior yields to developed markets.
#EmergingMarkets #CreditMarkets #Investment #FixedIncome #Economy #Inflation #Debt #Finance #GlobalEconomy #MarketTrends
https://ifamagazine.com/hidden-gems-beware-outdated-perceptions-when-comparing-credit-markets/
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