Taking Control of Your Bond Market Risk
Investors often ask us which of the two main bond market risks they should focus on—interest rate or credit. Our answer? Both—and the way they interact with each other.
Mexico’s (EWW) manufacturing PMI (Purchasing Managers’ Index) stood at 52.8 in September compared to 52.2 in August, according to the IHS Markit report.
Indonesia’s (IDX) (ASEA) manufacturing activity stood at 50.4 in September 2017 compared to 50.7 in August 2017.
The final Russia Services PMI (Purchasing Managers’ Index) was 55.2 in September 2017 compared to 54.2 in August 2017.
The final Russia Manufacturing PMI (Purchasing Managers’ Index) rose marginally in September 2017. It was 51.9 in September compared to 51.6 in August.
The final Brazil Services PMI (Purchasing Managers’ Index) stood at 50.7 in September 2017 compared to 49.0 in August.
The final Markit Brazil Manufacturing PMI (Purchasing Managers’ Index) stood at 50.9 in September 2017. It remained unchanged compared to August 2017.
The final Markit India Services PMI (Purchasing Managers’ Index) stood at 50.7 in September 2017 compared to 47.5 in August 2017.
India’s manufacturing PMI (Purchasing Managers’ Index) report for September 2017 indicates no change in manufacturing activity compared to August 2017.
In this series, we’ll be taking a look at the September final services PMI reports and manufacturing PMI reports of major emerging economies, including India, China, Indonesia, Brazil, Mexico, and Russia.
As the emerging market local debt assets (EBND) (ELD) continue to evolve and expand, investors are increasingly looking for opportunities in the space to enhance returns.
With the addition of three new countries to the JPMorgan GBI-EM Global Diversified Index earlier this year, the EM local debt (FEMB) market continued its growth in 2017.
During the past two decades, EM (emerging markets) local debt has evolved to become the largest and most liquid debt market within the emerging market bond space.
Marc Faber said in the interview that he is becoming more positive about emerging markets and particularly China, in which he has increased his position.
At the Fed’s Septemeber 2017 meeting, Fed chair Janet Yellen hinted that they might start quantitative tightening in the near future.
Russia (RSX) plays an important role in emerging nations (EEM) (VWO). Its economic growth showed a huge contraction in 2015 and 2016.
The Brazilian economy (EWZ) (BRZU) has faced a series of problems such as lower economic growth, higher inflation, political uncertainty, and higher unemployment.
China (FXI) (YINN) is an important emerging nation. The gradual improvement in its economic growth is a positive sign both for emerging nations (EEM) and developed nations (EFA).
On a yearly basis, economic growth in India (INDA) showed a strong improvement of 9.2% in the first quarter of 2016.
According to the report provided by the World Bank in June 2017, global (ACWI) growth is expected to strengthen to 2.7% in 2017.