asia

EM Equity Strategy in an Economic Downturn

Download PDF: downturn-ahead-2021q4-pcDownload The global economic boom unfolding in the past year is showing signs of moderation, with data from China – the first country to suffer and come out of the pandemic – currently signaling a contraction in manufacturing activities. It is very likely that the U.S. and Euro area will also see aContinueContinue reading “EM Equity Strategy in an Economic Downturn”

Chinese and Asian High Yield Corporate Bonds: Feeling the Heat

The jitter surrounding Evergrande’s solvency problem has spread to other Chinese property developers that account for sizeable portion of Chinese and Asian High Yield Corporate index. Chart 1 and 2 show spreads of Chinese and Asian USD bonds have widened to 16% and 11.5%, respectively, while the total return index declined 18% and 12% fromContinueContinue reading “Chinese and Asian High Yield Corporate Bonds: Feeling the Heat”