Markets News 

Why Investors Can’t Get Enough of Tajikistan’s Debt

“More than any other global investment bank, J. P. Morgan has a special power when it comes to emerging market bonds” writes Landon Thomas Jr for nytimes.com. Last year, developing nations issued a record $133 billion in debt, according to Bond Radar, a data gathering outfit.And it was not that long ago that Greece, even with its towering debt load, was an investor favorite.The I.M.F. warned last week that this rush to snap up the debt of financially fragile countries could end badly.Investors, especially exchange-traded funds, buy or sell bonds…

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Ashmore shares jump on healthy investor inflows

“Shares in fund manager Ashmore jumped after it reported its strongest inflows in four years, with investors keen to take a punt on emerging markets” writes Jon Yeomans for telegraph.co.uk. The FTSE 250 company’s stock climbed as high as 11pc in early trading, before settling around 6pc higher in mid-morning at 374p.The shares are up around 32pc in the year to date. Source: telegraph.co.uk Share This:

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Markets News Stocks 

North Korea renews Guam threat: Only one market move to make when ‘Rocket Man’ launches a missile

“MSCI defines South Korea as an emerging market, and its emerging markets index has between 14 percent to 15 percent exposure to South Korea” writes unknown author for cnbc.com. Consider the country stock market arguably facing the gravest existential threat from a nuclear crisis: South Korea. Year-to-date, the South Korean stock market is up roughly 30 percent.But here is what the South Korean stock market returned between the July to mid-September periods, when missiles were flying: 1.37 percent.FTSE defines South Korea as a developed market, and its EAFE index has…

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Markets News 

China is binging on dollar-denominated debt

“In total, emerging market governments and companies have issued $US509 billion in dollar-denominated bonds so far this year, a new record” writes Wolf Richter for businessinsider.com.au. Investors around the globe are eager to hand China their US dollars, in exchange for a somewhat higher yield.Other emerging market governments and companies have jumped on the same dollar-bandwagon.China announced today that it would sell $US2 billion in government bonds denominated in US dollars. Source: businessinsider.com.au Share This:

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Markets News Regulators 

Fed’s Powell: Emerging markets likely to cope with normalizing global economy

“The corporate debt situation in (emerging markets) has been worsening, particularly in China, and market reactions to even small surprises can be unpredictable and outsized,” Powell said” writes Andrew Harrer for cnbc.com. However, he cautioned that while the reaction to interest rate rises in the United States had so far been benign in emerging markets, significant risks remained.The influential Fed governor noted that while vulnerabilities in emerging markets have been rising, they remain well below crisis-prone periods in decades past, and that capital flows have been moving in line with…

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Markets News 

Startup Accelerators Have Become More Popular in Emerging Markets — and They’re Working

“For decades, we have heard that emerging markets are poised for huge growth that will yield even greater prosperity” reports hbr.org. In interviews, investors in both emerging market and high-income country settings consistently report having more difficulty sourcing quality deals in emerging markets.When we began collecting data in 2013 to explore differences between startup acceleration in emerging markets and in high-income countries, we expected stark differences.We found that in emerging markets, “transplant” founders raised twice the amount of equity than “local” (native-born) founders had.Business environments in most emerging markets are…

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News 

5 emerging female VCs you should know about

“Female VCs are also being recognized for bringing expansive knowledge to the world of investing due to their professional backgrounds” writes Rachel Wolfson for venturebeat.com. While there is an apparent gender divide amongst male and female VCs, a new study shows that women are better investors than men.In a post from Quinn’s Medium blog, the emerging female investor writes, “Three and half years ago I made the transition from product builder to investor. Source: venturebeat.com Share This:

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Markets News 

UTA Canada’s Zaed Maqbool Takes Position With Live Nation Dubai

“I knew most of the people in the emerging markets at Live Nation and other companies, so I kept in touch with them just as friends” writes Karen Bliss for billboard.com. Zaed Maqbool: I’ve been keeping abreast of the international and emerging markets for a very long time.I knew the president of international and emerging markets, Alan Ridgeway; we’d been talking about India and South Asia, and the Middle East as a whole. Source: billboard.com Share This:

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Emerging markets are outperforming developed markets, but analysts argue about the growth outlook

“Emerging markets (EM) have continued to grow faster than developed markets and produced higher returns this year, but analysts have conflicting views about the sector’s growth outlook” writes unknown author for cnbc.com. But the report raises concerns about whether or not EM growth can be maintained.They argue that for greater EM growth, which has so far been driven by trade, there needs to be a pick-up in the credit cycle and investment.”The question now is whether the strong growth impulse in DM (Developing Markets) can sustain, and further, can it…

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Markets News Stocks 

Global fund managers have lowest allocation to US stocks in nearly a decade

“According to Bank of America Merrill Lynch’s monthly fund managers survey, the allocation to U.S. stocks by global fund managers fell to net 28 percent underweight, the largest underweight since November 2007” writes Patti Domm for cnbc.com. At the same time, those overweight in emerging markets stocks is the highest since December 2010.Not since the year before the financial crisis have U.S. equities been so underweighted by fund managers, relative to stocks in the euro zone and emerging markets.BofA analysts blame the weak U.S. dollar, which the fund managers now…

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