Interview Florence Marty and Olivier Hakim : « Our strategy is based on the dynamism of emerging countries without local currency volatility »
Management philosophy, sectoral and geographical distribution, growth in emerging countries ... Florence Marty and Olivier Hakim, portfolio managers at LBPAM Actions Euro Focus Emergent reveals the strategy of the fund performing 13.80% at end June (...)
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Opinion Don’t cry for Argentina
In accordance with the Right Upon Future Offers or RUFO clause (similar to a conventional clause requiring creditors to be treated pari passu) contained in the 2005 agreement on the restructuring of the debt of the exchange bondholders (preventing Argentina from making more (...)
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Note The dynamic of the yuan
According to Phillippe Waechter, Head of Economic Research of Natixis Asset management, the evolution of China is extremely rapid, and both its accumulation of foreign reserves and its capability to destabilise or stabilise global constructions is (...)
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Strategy VARPS: 2019 Update
GAM Investments’ Tim Love reflects on the performance of his frontier market plays, Vietnam, Argentina, Romania, Pakistan and Saudi Arabia (VARPS) so far this year and discusses the investment opportunities and risks associated with these (...)
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Strategy Dollar strength
According to John Chatfeild-Roberts, CIO of Jupiter Asset Management, over the past decade, we have seen several longer term trends play out, from swift urbanisation in developing nations to technological advances everywhere. Changes in currency trends have also had an (...)
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Opinion Caution will be needed in emerging markets in 2017, waiting to find the right entry point
2016 has been a better year for emerging market returns after underperforming for many years. However it has been a volatile year and one has had to be an active manger, being selective, tactical and rotating between asset classes and currencies to maximize (...)
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Opinion China is becoming middle aged, so it’s slowing down a bit
In some ways, the rise of China has been too good to be true. Its economy has grown with breakneck speed for decades (an average of 9.1% a year since 1994, with a lowest rate of 6%) – if we can believe the official (...)
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Strategy China in Africa
China’s burgeoning economy is demanding more and more natural mineral resources whether it is oil, copper, nickel, gold, and so on. Looking further into the future, the demands of China’s more sophisticated diets means that imports of food will be increasing as (...)
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Strategy Agricultural land rush of investment funds!
After launching products indexed to changes in prices of agricultural products, many banks and investment funds are turning now to the land acquisition...
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Opinion Bumpy ride for emerging currencies over summer
Emerging currencies were under pressure this summer. Save for the Indonesian rupiah, Thai baht, Malaysian ringgit and Chinese yuan, emerging currencies has corrected against the US dollar since 30 June. It is mainly the CEEMEA currencies and, to a lesser extent, Latin (...)
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Opinion Reform is the secret of India’s growth
Since assuming office in 2014, Indian Prime Minister Narendra Modi’s government has put in place a raft of reform measures aimed at strengthening the nation’s infrastructure and economic fundamentals.
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Opinion Beneath the headlines: three stories that might surprise investors in 2020
Over the past twelve months, the US/China trade dispute has dominated headlines and commanded a considerable slice of the world’s attention. Yet, while any breakthrough would be significant for investors and positive for sentiment in Emerging Markets (EM), we think there are (...)
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Opinion After Modi’s landslide win, all eyes on what he does for the Indian economy
India’s Narendra Modi won a second term as Prime Minster after a landslide win in the general elections in the world’s largest democracy. Mr. Modi’s party BJP won a simple majority with almost 300 out of 542 seats in the Lok Sabha (India’s equivalent of the House of (...)
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Opinion Pakistan: Balancing risks and rewards
For most investors, Pakistan is largely defined as being highly volatile, be it in terms of security, politics or the economy. And in many ways, it is. However, Charles Sunnucks, Assistant Fund Manager, Emerging Markets, argues there is increasing evidence of positive (...)
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News Nomura Asset Management launches in Middle East
Japanese fund manager Nomura Asset Management (NAM) has launched an office in Dubai International Financial Centre (DIFC) as part of its ongoing commitment to the Middle East.
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