April 28, 2021 Renminbi Outlook: China’s Currency Offers Diversification Opportunity by Brad Gibson, Guy Bruten As risks shift and economies recover unevenly from the pandemic, investors reassessing their long-term exposures should consider the Chinese renminbi. China, Currency, Emerging Markets, Fixed Income, Policy & Regulation Likes 0 SHARE Bookmarks
September 22, 2020 How Currency Hedging Can Boost Yield by Erin Bigley Today’s low and negative global yields may look much more attractive after hedging into US dollars. Currency, Fixed Income, Low-Yield Environment Likes 1 SHARE Bookmarks
August 24, 2020 Don’t Shun Global Bonds by Scott DiMaggio, Ronit Walny Interest rates are at extreme lows around the world, and they’ll likely stay low for some time. Does this mean US-based investors should revert to a US-only bond strategy? Currency, Fixed Income, Low-Yield Environment Likes 0 SHARE Bookmarks
August 05, 2020 China’s Higher Bond Yields Buck the Global Trend by Brad Gibson Government bond yields have tumbled globally but China’s yields have risen to pre-COVID-19 levels. The RMB hasn’t yet reacted to the favorable rate difference, and we think bond yields are likely to decline moving forward—a favorable landscape for China bonds. China, Coronavirus, Currency, Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
September 17, 2019 To Hedge or Not to Hedge? With Currency, It’s a Vital Question by Leon Zhu, Aditya Monappa With global markets growing more volatile, we’re often asked what we think are the most underappreciated risks that investors face today. One in particular stands out: currency risk—especially for non-US dollar–based investors. Currency, Multi-Asset Likes 0 SHARE Bookmarks
August 07, 2019 China’s Currency Weakness: Not as Bad as it Seems—Yet by Mo Ji China’s currency depreciated this week, with the exchange rate rising to more than 7.0 renminbi per US dollar, unnerving investors and markets worldwide. Here’s the good news: we don’t think the renminbi will continue to weaken at the same pace. China, Currency, Economics, Trade Wars Likes 0 SHARE Bookmarks
August 05, 2019 Is a New Front About to Open in the US-China Trade War? by Eric Winograd Financial markets are focused on the ongoing trade war between the US and China—which goods and services are in play and what measures are being taken or threatened in each case. But the trade conflict could spill over into currency markets—and that’s a risk that bears watching. China, Currency, Economics, Trade Wars Likes 0 SHARE Bookmarks
February 27, 2019 The Long View: China—The Indispensable Nation? by Douglas J. Peebles, Eric Winograd A generation ago, China had little influence beyond its borders. Today, its importance to the world economy rivals the United States’. China’s role in markets is growing, too: in April, it will join a major global bond index. The future may bring a freely traded Chinese yuan and a challenge to the US dollar. China, Currency, Economics, Fixed Income, Late-Cycle Investing Likes 0 SHARE Bookmarks
November 28, 2018 Active US Investors Gain Hedge Edge with Global Bonds by Erin Bigley Rates are low globally. But yield isn’t the only component to consider when investing. Active US-based investors can take advantage of differences between the US dollar and other currencies to pick up a decided edge by investing in international bond markets. Asset Allocation, Currency, Fixed Income Likes 0 SHARE Bookmarks
August 30, 2018 How Contagious Is Turkey? by Morgan Harting, Christian DiClementi The Turkish lira has dropped 38% as of August 28, putting pressure on inflation as well as the country’s debt-heavy corporations and banks. Investor jitters have spread over the past week to some other emerging markets and European banks with Turkish exposure, but we don’t expect contagion to expand much further from here. Currency, Emerging Markets, Fixed Income, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
August 27, 2018 Imbalance of Trade: What Trade Wars Mean for Market Stability by Douglas J. Peebles Reduced global trade may have the unintended consequence of strengthening the US dollar, raising interest rates and pushing down stock prices. Together with tighter Federal Reserve policy, these developments may increase market turbulence. Currency, Fixed Income, Trade Wars, Volatility Likes 0 SHARE Bookmarks
August 15, 2018 Will Chinese Renminbi Destabilize Markets as Trade Wars Escalate? by Mo Ji The trade war between Washington and Beijing has tipped China’s currency onto a path of destabilization. If hostilities escalate, China may let its renminbi (RMB) fall further. For investors, that could mean more volatility and tighter financial conditions. China, Currency, Economics, Emerging Markets, Fixed Income, Trade Wars Likes 0 SHARE Bookmarks
June 04, 2018 Can Emerging Markets Defy a Stronger Dollar? by Morgan Harting Turkey’s currency crisis has spooked emerging-market (EM) investors, especially amid growing concern about the strengthening US dollar. We think countries and companies in the developing world are actually much more resilient to a stronger dollar than in the past. Currency, Emerging Markets, Equities, Fixed Income, Volatility Likes 0 SHARE Bookmarks