Barings’ Omotunde Lawal and Cem Karacadag explain how COVID-19 is impacting the economies of emerging markets, and how lower oil prices and loose monetary policies may influence the future default picture.
COVID-19 and lower oil prices have led to indiscriminate selling across EM corporate debt, creating a potentially compelling opportunity in the shorter-dated, higher-yielding segment of the market.
Now that the proverbial rubber has met the road, many investors are questioning what’s in store for private credit in the months (and years) ahead. In many ways, the current volatility is setting the stage for significant opportunities—but managing the downside is critical.
Investing in the coronavirus age involves more damage assessment than forecasting future returns, but it still requires a discerning eye.
Recall that when we last left our rivals, they had just struck a partial agreement on rebalancing bilateral trade even as they continued to snarl about the long list of intractable issues that divided them.
Barings’ Global Head of Equities, Dr. Ghadir Cooper, discusses the impacts of COVID-19, the opportunity for companies capitalizing on structural growth trends from technology to demographics, and the integral role of ESG in fundamental analysis.
There's an early moment in most horror films, just after the cataclysmic storm or earthquake, when the sun rises and life appears to return to normal.
Dr. Christopher Smart hosts a conversation with Barings’ senior traders, Steve DiVittorio and Rishi Kapur on the mechanics of how fixed income markets are functioning in the current crisis, how that compares to past periods of extreme volatility, and what opportunities may result.
There's a theory gaining ground that our post-pandemic world will emerge more splintered than ever. If trade wars triggered doubts over sprawling supply chains, shortages of medical equipment will accelerate demand for production closer to home. If an "America First" foreign policy already raised doubts about global alliances, poor international cooperation to contain the coronavirus will only intensify existing rivalries.
Dr. Ricardo Adrogué discusses how the global pandemic has impacted emerging markets, including implications for sovereign and corporate debt markets, as well as interest rates and currencies.
As macro volatility continued to pummel markets throughout the first quarter, CLOs felt the effects—with dramatic price moves among tranches as investors clamored for liquidity. But we believe that those who invest with an active manager and take a long-term view will benefit.