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“One key point is that the opportunity set is very different. In emerging markets, there are 80 countries with very different different credit profiles”, says Bernardini.
A second point is that developed fixed income markets have been deeply influenced by central bank policy. “Monetary easing has not had an impact on emerging markets. If anything, EM central banks have been rather hawkish, and therefore rate differential continues to be attractive.”
Supporting SMEs and small mid-caps in the agricultural and food sectors
Nick White’s new firm aims to support boutique groups, writes Tom Aylott
Complex regulations identified as one of the main barriers hindering private capital access
Though ‘increased regulatory scrutiny’ has led to decline in Article 9 funds
Only 35% of active funds beat their benchmark over the past 12 months, with ESG faring worse still, writes Tom Aylott
Jon Cleborne will succeed Sean Hagerty in June, writes Christian Mayes
