In this podcast J.P.Morgan Asset Management's London based Claire Peck, client portfolio manager, global emerging markets and Zsolt Papp, senior client portfolio manager within the global fixed income, currency and commodities group, elaborate on investment opportunities on the long and short side, potential challenges, strategies to mitigate risk and optimise risk adjusted returns, inherent inflation protection afforded by equity-dividend strategies ...
Listen to the complete feature Emerging Markets' Growth Recoupling with Developed Markets: Equity, Fixed Income and Currency Picks
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Can you outline your global macro forecast? Based thereon, how should investors allocate to emerging market debt? Are the valuations attractive?
Can you elaborate on equity allocations as emerging markets’ growth moves from a scenario of decoupling to one of recoupling with developed markets? What are the factors influencing and conditioning your equity selection?
Can you identify and assess the risks that emerging markets’ fixed income instruments are exposed to?
Why and where are you finding commensurate returns for taking on those risks?
What are the investment implications when emerging markets' equity dividend yields trend above the Price to Earnings (P/E) Ratio? Where are the equity investment opportunities?
How does investing in an emerging markets’ equity-dividend yielding strategy afford inherent inflation protection to an investor?
What are some of your country and corporate picks? Although it seems counter-intuitive why do you favour fixed income (sovereign and corporate) investment opportunities in for e.g. Venezuela, or the Argentine oil company, YPF?
On the equity front why do you favour: the Turkish steel producer Erdemir, Taiwanese IT companies such as Asustek and the Brazilian credit card processing company Cielo?
How are you positioned to capture performance from emerging markets’ currency allocations?