The revised Trans-Pacific Partnership (TPP) agreement was finally signed in March - over a year after President Trump removed the United States as a signatory. We take a quick look at how much emerging markets depend on the US as a trading partner.
With a myriad of different dynamics to the rest of the fixed income world, the task of constructing an emerging market debt (EMD) portfolio can feel like an overwhelming one. In this first post of a new series on EMD investing, we examine the nuts and bolts of putting a portfolio together, and give you a peek under the bonnet of our latest thinking.
Following the recent price action in emerging markets (EM), we zero in on the effect that currency can have on your EM bond portfolio’s performance. But how much of currency investing is a watertight science, and how much is carried by the wave of popular opinion?