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Jun 2, 2014

Patchy outlook for frontier stock index as top scorers exit

LONDON, June 2 (Reuters) – A flagship index of frontier
market stocks is likely to struggle to match its previous strong
performance after the promotion of its two top scorers, Qatar
and the United Arab Emirates.

Youthful populations, high economic growth rates and an
expanding middle class have drawn investors to frontier markets
in recent years, leading them to significantly outgun emerging
and developed markets in terms of returns.

May 30, 2014

Reuters Poll – Leading investors cut cash holdings in May

LONDON (Reuters) – The world’s top investors cut cash holdings this month to their lowest since November and put money to work in risky assets, on the expectation that developed market interest rates will remain low, Reuters polls showed on Friday.

Property holdings and emerging market stocks and bonds were among beneficiaries of the hunt for yield. The European Central Bank is expected to ease monetary policy next week, and mixed U.S. economic data have pushed back forecasts for a rise in U.S. interest rates.

May 30, 2014

Leading investors cut cash holdings in May; buy emerging stocks, property -poll

LONDON, May 30 (Reuters) – The world’s top investors cut
cash holdings this month to their lowest since November and put
money to work in risky assets, on the expectation that developed
market interest rates will remain low, Reuters polls showed on
Friday.

Property holdings and emerging market stocks and bonds were
among beneficiaries of the hunt for yield. The European Central
Bank is expected to ease monetary policy next week, and mixed
U.S. economic data have pushed back forecasts for a rise in U.S.
interest rates.

May 30, 2014

European funds put cash to work in stocks, bonds -poll

LONDON, May 30 (Reuters) – European fund managers took cash
and put it into shares and bonds this month, viewing that major
central bank banks will retain loose monetary policy for some
time, a Reuters survey showed.

Fund managers in the poll, released on Friday, slashed cash
levels to their lowest in 10 months in May and lifted equity
holdings to their highest since January. They also increased
their bond positions from April.

May 30, 2014

European funds put cash to work in stocks, bonds

LONDON (Reuters) – European fund managers took cash and put it into shares and bonds this month, viewing that major central bank banks will retain loose monetary policy for some time, a Reuters survey showed.

Fund managers in the poll, released on Friday, slashed cash levels to their lowest in 10 months in May and lifted equity holdings to their highest since January. They also increased their bond positions from April.

May 30, 2014

Leading investors cut cash holdings in May; buy emerging stocks, property

LONDON (Reuters) – The world’s top investors cut cash holdings this month to their lowest since November and put money to work in risky assets, on the expectation that developed market interest rates will remain low, Reuters polls showed on Friday.

Property holdings and emerging market stocks and bonds were among beneficiaries of the hunt for yield. The European Central Bank is expected to ease monetary policy next week, and mixed U.S. economic data have pushed back forecasts for a rise in U.S. interest rates.

May 29, 2014

Bondholders reject Kazakh Alliance Bank’s debt restructuring offer

LONDON, May 29 (Reuters) – Kazakhstan’s Alliance Bank,
majority owned by the country’s sovereign wealth fund, said on
Thursday that talks with creditors had broken down on what would
be its second debt restructuring in four years.

The bank defaulted on debt in the aftermath of the global
financial crisis and restructured debt in 2010 but late last
year said it needed to recapitalise to restore profitability.

May 29, 2014

Turkish finance minister says central bank independent but may be behind curve

LONDON, May 29 (Reuters) – Turkish finance minister Mehmet
Simsek sought to reassure investors on Thursday of the central
bank’s independence, although he said the bank was possibly
“behind the curve” with its monetary policy.

The government, especially Prime Minister Tayyip Erdogan,
has been highly critical of the central bank for its huge
lira-defensive interest rate rise earlier this year. The bank
this month eased one of its policy rates despite annual
inflation of over 9 percent, a move many investors fear was
caused by government pressure.

May 28, 2014

Corrected – Focus switches to other emerging markets as Famous Five ride out election risks

LONDON (Reuters) – (Corrects spelling of name in 7th paragraph to Jorge Mariscal, not Jorge de Mariscal)

Elections from Jakarta to Johannesburg have calmed investors’ worst fears about political risk in emerging markets this year, but voting in Cairo and Kiev and instability in Thailand and elsewhere are creating new concerns.

May 23, 2014

Focus switches to other emerging markets as Famous Five ride out election risks

LONDON, May 23 (Reuters) – Elections from Jakarta to
Johannesburg have calmed investors’ worst fears about political
risk in emerging markets this year, but voting in Cairo and Kiev
and instability in Thailand and elsewhere are creating new
concerns.

Polls in the so-called Fragile Five economies – Brazil,
India, Indonesia, Turkey and South Africa – topped investors’
list of political worries for 2014.

    • 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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