The emerging asset class is “credit at its best” according to Mohammed Elmi, emerging market debt senior portfolio manager at Federated Hermes.
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The emerging asset class is “credit at its best” according to Mohammed Elmi, emerging market debt senior portfolio manager at Federated Hermes.
While global debt levels appear sustainable for the time being, they remain vulnerable to poor political management.
Schroders sees the region’s growth outlook and other tailwinds as key drivers for Asian credit as an attractive asset class.
China’s increasingly complex financial system “has sown financial stability risks”, and high yield products from asset managers are part of the problem, the IMF said in its recent report.
Banks do derive benefits from negative interest rates, which are a net positive for the economy, said José Viñals director of monetary and capital markets at the IMF.
China’s renminbi has been included in the special drawing rights currency basket, according to yesterday’s IMF executive board decision.
China’s bid to have the renminbi included in the IMF’s Special Drawing Rights basket now has support from the head of the IMF and the US Treasury Secretary.
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
Axa IM believes China’s RMB currency stands a good chance of being included in the Special Drawing Rights this year despite an IMF report interpreted by many as a delay until next year.
Don’t blindly accept the IMF’s “new mediocre” era of “low growth for a long time”. The synchronisation of rising economic growth in the US, China, Japan and India remains a plausible event, according to the bank’s research. BNY’s “G4 scenario” assumes that Japan’s average annual GDP growth is 2% for the remainder of the decade, […]
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