Hints and tips:
...The idea here is not replace DM and EM in the investment lexicon. Neither is it to tell you which places are best to invest. It’s just a clearer lens through which to look at the world....
...Take a basket of the 15 or so most liquid EM currencies that make up the overwhelming majority of active EM investor portfolios — China, India, Indonesia, South Korea, Taiwan, Singapore, Malaysia, Philippines...
...(Sound of liquid pouring) One of the arguably key considerations, having the money to pay the bill....
...The structural backdrop for higher PGM prices looks compelling to us and Anglo is the only liquid DM play....
...If you want liquid and safe government paper, the US Treasury market is the place to find it....
...The cauldron of sludge-grey liquid is usually hot enough to boil an egg in — or a leg, as a local guide found when he lost his footing and very nearly a limb with it....
...The dollar index, a measure of the buck against six of its DM counterparts, rose 0.53 per cent....
...Prospects of stronger DM economies and demand appear to have counterbalanced fears over the potential hit to EM from a rise in protectionism....
...Liquid currencies are on average undervalued by 2 per cent, BAML said, equities trade at 1.5 times book value, versus 2 times in DMs, and while fixed income spreads are at their lowest level since 2014,...
...The dilemma is sharpened by the concentration of reserves in assets seen as risk-free — liquid, short-term, low-yielding DM government bonds....
...Jean-Michel Saliba: Previously, tracking was simpler because the bulk of financial flows passed through DM banks or DM securities markets....
...data suggest the initial dive is likely over: • Biggest week of outflows from HY funds ever, in dollar terms ($11.4bn); 4th largest week of HY outflows as % AUM ever • Big week of outflows ($20bn) from DM...
...Borrowing costs, both at the sovereign and corporate level, are in line with those in a number of DMs....
...Mr Feig is moving to the hedge fund Fortress Investment, which announced on Tuesday that he would join as co-chief investment officer of the macro fund and co-president of the liquid markets business....
...When you look at African equities, global emerging market stocks and the developed world on a total return basis, GEM and DM are closely correlated – a score of 1 is perfect correlation, and GEM-DM have...
...But for all the talk of submerging markets, Deutsche points out that Greece was really an EM all along – it only joined the DM list in 2001, and that it has really reverted to its original state....
...Hard currency sovereign bonds are less volatile and more liquid than the others....
...Although the WSE is by far the largest bourse in central Europe, it does lack large and liquid companies that would be attractive for foreign and institutional investors – a problem that ZE PAK could help...
...Large and liquid stocks have managed to hold up particularly well in this tough macro environment....
...The main reason for the fall in aggregate wealth was a “disproportionate impact of losses among higher wealth brackets”, where investors are often more likely to invest in less liquid and more risky assets...
...If we look at the five largest commodity producing countries with liquid markets (the Carbs), their GDP has increased fourfold from $2tn to $8tn since the start of the commodity cycle in 2003, while the...
...The big behemoths are not only perceived as less risky, but they also have the courtesy to be more liquid and to show up in all manner of indices, giving them a boost by making them the baseline metric against...
...It is much less clear in terms of its ‘prime saving’ population (which peaks in 2032 compared with an EM peak in the same year and a DM peak in 2016)....
...However, for most funds, restructuring was not a choice but a necessity, says independent fund director Don Seymour of DMS Management of the Cayman Islands....
International Edition