Industry sources are cheering the set of new stimulus introduced last week by several emerging countries to address slowing growth. The Chinese government reduced the minimal down payment for first-time home buyers while India’s central bank unexpectedly reduced its repo rate from 7.25% to 6.75%.
Tag: Emerging Markets
Emerging markets growth story still intact
Emerging markets experienced steep declines this year, suffering far worse than their developed counterparts with the aggregate emerging market indices losing almost a quarter of their value since reaching highs in late April.
Asia ex-Japan equity funds see $8.8bn in outflows
August saw the greatest monthly outflows from emerging markets of all times. Asia, the origin of last month’s global market correction, was particularly hard hit.
PineBridge bets on bank loans and EM corporate bonds
The shine on bank loans and emerging market corporate bonds as asset classes is returning amid a shifting interest rate environment, Steven Oh, MD and global head of credit and fixed income for PineBridge Investments, said in a research note.
Six alternative views: Richard Piliero, Franklin Templeton, on private equity
The first alternative view is from Richard Piliero, senior vice-president and senior executive director and head of private equity for Southeast Asia at Franklin Templeton Asset Management. He presented at the Singapore Alternatives Forum on “Private equity investing in emerging markets”, and in the video he answers three questions on this theme.
EMs present rich opportunities for PE
Despite the continued sell-off in emerging markets, current growth concerns should not be extrapolated to be the beginning of a long-drawn financial crisis or a growth collapse in Asia, Richard A Piliero, head of private equity, Southeast Asia, Franklin Templeton Asset Management said.
Moody’s: Little risk of credit crisis in EM
In a contrarian view, ratings agency Moody’s said it believes that the risk of a downward spiral and financial contagion is unlikely in emerging markets.
Sour EM sentiment is behind market turmoil
Bad news from emerging markets is behind the wider market stress, not China, which continues to have strong fundamentals, according to two fund houses.
Report: Emerging markets elevated to high risk
Growing concerns in China and other emerging markets could lead to “a prolonged deceleration” and have a “severe knock-on effect across the EU and the US”, according to the most recent report on risk by the Economist Intelligence Unit.
HEAD-TO-HEAD: AB vs Fidelity emerging market funds
This week, Fund Selector Asia, takes a look at the performance of two emerging market equity funds.
