We analyze Emerging Markets by assessing, “what is the market missing?” We are consistent in our approach, deploying a fundamental factor framework.
Employed by NYL Investments UK LLP, an affiliate of MacKay Shields LLC. NYL Investments UK LLP is authorised and regulated by the Financial Conduct Authority (Firm Ref. No. 976870) and registered in England and Wales with Number OC380999.
Overview
Overview
Country research is core to our investment thinking. Identifying how a country is improving or deteriorating and if markets are too slow to price in changes drives our positioning across sovereign debt and corporate securities.
“Time in the market is more important than timing the market. Our research-intense, risk-controlled process allows investors to stay invested, enabling the opportunity to capture structural risk premium.” — Valentina Chen, Team Head
A recent sovereign-backed issuance illustrates how innovative funding structures can provide near-term stability while preserving credit strength. With spreads narrowing and demand surging, could this signal a turning point for one of EM's most challenging credits? Learn more from our Emerging Market team’s latest insights.
Emerging market debt remains supported by strong fundamentals, USD weakness, and asset allocation shifts, setting the stage for continued outperformance across sovereign and corporate segments.
Interest rates trading in wild swings, Donald Trump scoring a thumping victory, the war in Ukraine raging on in its third year, Israel attacking Hezbollah directly in Southern Lebanon, Bashar Al-Assad ousted from power in Syria.
Emerging market yields look attractive from a historical perspective. However, risk premiums have rallied in Q1 2024 with weaker credits outperforming their peers.
While providing investors with a multiverse of global exposure and opportunities, we believe it's time for fresh thinking around the evolving nature of EMD.
Emerging market bonds offer attractive return potential, particularly if inflation has peaked globally and interest rates stabilize or trend lower over the course of 2024.
In navigating 2024’s landscape, concerns around the US budget deficit, along with the required Treasury debt issuance, continue to captivate investors.
View the latest insights and perspectives from the MacKay Shields Emerging Market Debt team.
4 MIN VIDEO
January 6, 2023
Countries of Interest, Trends and Regional Outlooks
In the team’s 2023 outlook, Philip Fielding & Valentina Chen give insights to what countries & sectors look enticing in 2024 and where the asset class is heading.
The Russian invasion of Ukraine has brought war to Europe’s eastern borders.
Employed by NYL Investments UK LLP, an affiliate of MacKay Shields LLC. NYL Investments UK LLP is authorised and regulated by the Financial Conduct Authority (Firm Ref. No. 976870) and registered in England and Wales with Number OC380999.
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