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24-02-2016, 09:29 AM
The views from the big two debt managers, is worth a read...
BlackRock, Templeton say it's time to consider emerging debt
24 Feb 2016 06:45
[NEW YORK] The worst may be over for??emerging- market bonds, and it's time to consider adding exposure to local markets, according to two of the world's largest debt mangers.
Bond valuations already reflect low commodity prices, and the dovishness of major global central banks has made "riskier" assets more attractive, injecting a new life into the search for yield, analysts at BlackRock Inc, the world's largest money manager, wrote in a research note Tuesday.??
Franklin Templeton's Michael Hasenstab,??who oversees US$125 billion in assets, said negative sentiment toward developing markets has reached extreme levels, favoring countries including Brazil Mexico and South Korea.
China's economic slowdown has also stabilized, and policy makers there appear to be "more comfortable with the current level" of the yuan, a team of emerging-market debt managers at BlackRock led by??Pablo Goldberg and Sergio Trigo Paz wrote in a research note Tuesday.
"It is premature to say that the weather has totally cleared" for emerging-market bonds, the??analysts at BlackRock, which manages US$4.6 trillion, wrote. "But with many of the market 'negatives' accounted for, it is time to concentrate on some of the 'positives,' which we see gaining strength as market drivers going forward."
...
BLOOMBERG
Source: Business Times Breaking News
BlackRock, Templeton say it's time to consider emerging debt
24 Feb 2016 06:45
[NEW YORK] The worst may be over for??emerging- market bonds, and it's time to consider adding exposure to local markets, according to two of the world's largest debt mangers.
Bond valuations already reflect low commodity prices, and the dovishness of major global central banks has made "riskier" assets more attractive, injecting a new life into the search for yield, analysts at BlackRock Inc, the world's largest money manager, wrote in a research note Tuesday.??
Franklin Templeton's Michael Hasenstab,??who oversees US$125 billion in assets, said negative sentiment toward developing markets has reached extreme levels, favoring countries including Brazil Mexico and South Korea.
China's economic slowdown has also stabilized, and policy makers there appear to be "more comfortable with the current level" of the yuan, a team of emerging-market debt managers at BlackRock led by??Pablo Goldberg and Sergio Trigo Paz wrote in a research note Tuesday.
"It is premature to say that the weather has totally cleared" for emerging-market bonds, the??analysts at BlackRock, which manages US$4.6 trillion, wrote. "But with many of the market 'negatives' accounted for, it is time to concentrate on some of the 'positives,' which we see gaining strength as market drivers going forward."
...
BLOOMBERG
Source: Business Times Breaking News
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