They were walked through some of the opportunities represented by $9.7trn local bond and $3.2trn hard currency bond markets, in countries that have lower debt levels than many in the developed world and with improving liquidity.
Take a look at our gallery to see the who’s who of the EM debt sector and the fund pickers and wealth managers swotting up on the subject.
From an equity point of view, the emphasis was on the lack of any link between GDP growth and shareholder returns – in the short term at least, the emerging markets are still efficient with world class companies to choose from; less so over the long term.
As single countries/regions, India and Latin America were both described as benefiting from economies that are in a good shape, with strong GDP growth ahead for the next decade, with an improving equity culture.
The speakers:
- Ernesto Bettoni, senior investment specialist, BNP Paribas Investment Partners (EM local debt)
- Dean Newman, head of emerging market equities, Invesco Perpetual (Latin America)
- Gregory Mattiko, portfolio manager, JP Morgan Asset Management (EM debt)
- Avinash Vazirani, fund manager, Jupiter India Fund (India)
- George Varino, director, Lazard Asset Management (EM debt)
- Michael Godfrey, fund manager, M&G Investments (EM opportunities)
