Carolyn's Feed
Jan 11, 2013

Analysis: Euro convergence trades could return to fashion

LONDON (Reuters) – Like mini-skirts and flared trousers, some fashions have a habit of coming back, even if never quite like the original. Could it be the turn again of euro convergence funds?

Such funds, enabling investors to buy into the bonds or shares of countries looking to join the European Union or euro zone, were some of the hottest trends around until the first throes of the credit crisis five years ago.

Jan 11, 2013

Euro convergence trades could return to fashion

LONDON, Jan 11 (Reuters) – Like mini-skirts and flared
trousers, some fashions have a habit of coming back, even if
never quite like the original. Could it be the turn again of
euro convergence funds?

Such funds, enabling investors to buy into the bonds or
shares of countries looking to join the European Union or euro
zone, were some of the hottest trends around until the first
throes of the credit crisis five years ago.

Jan 7, 2013
via Global Investing

Emerging Europe basks under Basel light touch

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A lighter touch from the regulators in Basel is likely to be good news for eastern Europe, where policymakers have been concerned about the withdrawal of cash by western European banks to shore up their balance sheets at home.

Global regulators yesterday gave banks four more years and greater flexibility to develop cash buffers. Banks now have until 2019 to build up enough liquid assets to  keep them funded for 30 days in a squeeze.

Dec 11, 2012

Templeton’s Mobius still buying Egypt stocks

LONDON (Reuters) – Protests in Egypt have failed to deter veteran emerging market investor Mark Mobius, who said on Tuesday he is holding onto his Egyptian stock position and is looking to add more even as the latest crisis unfolds.

Mobius, executive chairman of Franklin Templeton’s emerging markets group, told Reuters in a telephone interview that while there was an international focus on the protests over Egyptian President Mohamed Mursi’s plans to vote on a new constitution, business continued as usual in many parts of the country.

Dec 11, 2012

Shale gas redraws emerging market investment map

LONDON (Reuters) – Shale gas reserves are changing the way fund managers view emerging markets, with countries from Poland and Mexico to global market giant China all gaining in investment appeal.

While controversy rages over the environmental impact of ‘fracking’, the method used to extract shale gas, exploring these reserves could nevertheless give sluggish global growth a much-needed boost.

Dec 10, 2012

Analysis: Shale gas redraws emerging market investment map

LONDON (Reuters) – Shale gas reserves are changing the way fund managers view emerging markets, with countries from Poland and Mexico to global market giant China all gaining in investment appeal.

While controversy rages over the environmental impact of ‘fracking’, the method used to extract shale gas, exploring these reserves could nevertheless give sluggish global growth a much-needed boost.

Dec 10, 2012
via Global Investing

Yuan bond market: slow to flower in London

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London’s offshore yuan bond market, launched to much fanfare last October,¬† is still struggling to get many deals off the ground. Banks and authorities from Britain, China and Hong Kong met last week in London at their twice-yearly forum to discuss reasons. Liquidity, or lack of it, was deemed to be the main hurdle.

China Construction Bank last month became the first Chinese borrower to launch a London-listed bond. But there have only been a handful of London bonds this year, as the nascent offshore market continues to lag far behind Hong Kong.

Nov 29, 2012

Invest in food on climate change risk: Baring

LONDON (Reuters) – Farmland in Brazil, soybeans and agricultural equipment makers are among ways to play the global risks of climate change and population growth, Baring Asset Management’s chief investment officer said on Thursday.

Melting ice at the North Pole is affecting weather patterns in the northern hemisphere, just when the world will have more mouths to feed, particularly in Africa, Marino Valensise, chief investment officer of Baring Asset Management, told the Reuters Global Investment Outlook 2013 Summit.

Nov 28, 2012

Safe or junk, bonds in bubble trouble

LONDON (Reuters) – Investors’ love affair with bonds could be on the rocks after five long years as both safe haven and junk bonds look to be in bubble territory.

Huge demand has pushed borrowing costs for sovereigns as well as companies to multi-year or even record lows, with some governments in the West now effectively charging investors to lend to them.

Nov 21, 2012
via Global Investing

Strike on Iran: bets are off

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Spread betters have drastically cut their expectations of a U.S. or Israeli air strike on Iran since Barack Obama’s re-election earlier this month.

Intrade, a Dublin-based online exchange, is showing 20 percent of its clients seeing a strike by June 2013, and 33 percent by Dec 2013.

    • About Carolyn

      "I work in London as part of the Reuters investment strategy editorial team, specialising in emerging and frontier markets. I cover emerging bond, stock and FX markets as well as global market themes, and interview emerging market policy-makers when they attend events in London. I started at Reuters in 1993, writing about foreign exchange, government bonds and Eurobonds before switching to emerging markets."
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