asia

EM Equity Strategy in an Economic Downturn

Download PDF: 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 a decelerationContinue 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% fromContinue reading “Chinese and Asian High Yield Corporate Bonds: Feeling the Heat”