Four views: Mapping the frontier
Portfolio Adviser asks this month’s panel for their outlook on investing in frontier markets
Portfolio Adviser asks this month’s panel for their outlook on investing in frontier markets
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Following the expansion of the BRICS group, investors discuss which constituents offer the best opportunities
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‘Hasenstab has tended to be quite volatile and will go where others don’t’
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Godfather of emerging markets denies contagion risks but expects US-China trade war to get ‘nasty’
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Saudi Arabia has been upgraded by index provider MSCI to its emerging market index, alongside Argentina, which has re-entered the index after being dropped in 2009.
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We often find ourselves in countries that are either at an early stage of development, battling with multiple economic challenges, or, in the case of Argentina, instilled with potential but trying to emerge from political and economic doldrums.
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We often find ourselves in countries that are either at an early stage of development, battling with multiple economic challenges, or, in the case of Argentina, instilled with potential but trying to emerge from political and economic doldrums.
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Returning to the international market after a 15-year hiatus, Argentina raised $16.5bn in an oversubscribed debt offering last month, the largest ever for an emerging market. But, according to Scott Fleming, manager of the Kames Emerging Market Bond Fund, the risk was not appropriately priced.
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Emerging markets equities have outperformed the developed world by around four percentage points since mid-February.
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It has taken some time, but it appears that the Argentine electorate may finally be tiring of socialism.
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Contagion stemming from Argentinas second default on its national debt to other sovereign issuers is unlikely, according to Fidelity Investments.
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