Global Investing

Record year for emerging corporate bonds

October 17, 2012

The past 24 hours have brought news of more fund launches targeting emerging corporate debt;  Barings and HSBC have started a fund each while ING Investment Management said its fund launched late last year had crossed $100 million.  We have written about the seemingly insatiable demand  for corporate emerging bonds in recent months,  with the asset class last month surpassing the $1 trillion mark.  Data from Thomson Reuters shows today that a record $263 billion worth of EM corporate debt has already been underwritten this year by banks, more than a fifth higher than was issued in the same 2011 period (see graphic):

Wages wag the tail of the DAX

By Reuters Staff
October 5, 2012

This week, Germany celebrated its Tag der deutschen Einheit (Day of German Unity) marking twenty-two years since the wall was torn down between East and West.

Hungary can seek IMF aid now. But can it cut rates?

April 25, 2012

The European Union has given Budapest the green light to seek aid from the IMF. (see here)  In fact, the breakthrough after five months of dispute does not let Hungary completely off the hook  — to get its hands on the money, Viktor Orban’s government will have to backtack on some controversial recent legislation, starting with its efforts to curb the central bank’s independence.  It remains to be seen if Orban will actually cave in.

Smell the money in Asia

February 24, 2009

Asia is still the place to be to make big bucks.

That’s the upbeat message from Baring Asset Management, which is betting on Asia to deliver some of the best returns during a recovery.  The only question is when’s the recovery coming?