While trade risk continues to plague global economies, India and China are expected to be major emerging market growth drivers, according to State Street Global Advisors’ mid-year global outlook report. If trade relations between the the U.S. and China improve, it could lead to a recovery in emerging markets overall, the report said. Both sides […]
In a world where opportunities in emerging markets are limited, pension plans can look to access underlying emerging economies rather than the publicly traded markets themselves, said Mikhail Simutin, associate professor of finance at the Rotman School of Management and associate director of research at the International Centre for Pension Management. Emerging markets hold promise […]
With political risk a constant in emerging markets, a quiet year for institutional investors playing in the space doesn’t really exist. “The noise can be triggered by geopolitical shifts, by social tensions or elections,” said Graham Stock emerging market senior sovereign strategist at BlueBay Asset Management, a division of RBC Global Asset Management, during a webinar on […]
Last spring, U.S. President Donald Trump tweeted that trade wars are easy to win. Last Friday, however, he tweeted the U.S. and China have really been in a trade war for the past three decades. Either way, tensions don’t seem about to diminish any time soon. So what do the latest skirmishes mean for institutional […]
Pooled pension fund managers bounced back in the first quarter of 2019, posting a median return before management fees of 8.3 per cent, up from the negative 5.6 per cent return they posted in the final quarter of 2018, according to Morneau Shepell Ltd.’s latest data. However, the firm’s pension performance universe came in 0.4 per […]
Over the past years, the MSCI emerging markets equity index has formed weighting biases and shortcomings, says David Dali, portfolio strategist at Matthews Asia, who recently published a piece on six sources of alpha within emerging markets. Yet opportunities are available in emerging markets for investors to capitalize on, he says, highlighting the importance of […]
Many investors believe the end of the current economic cycle is coming, according to Invesco’s latest global fixed income survey. While 49 per cent of respondents said they expect the current cycle to last one or two more years, a slim majority (52 per cent) of North American investors said it will end earlier. Investors in […]
Private capital allocations to emerging markets hit unprecedented levels in 2018, totalling US$90 billion raised in private capital vehicles during the year and $US70 billion in disclosed capital invested according to the Emerging Markets Private Equity Association’s latest data. The capital raised represents a 39 per cent increase and the disclosed invested capital represents a […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing […]
In a market environment where finding returns is tough, the Employees Retirement System of Texas turned to emerging markets and alternatives to provide the pension promise, said Sharmila Kassam, deputy chief investment officer at the Employees Retirement System of Texas. The Employees Retirement System of Texas is a state pension plan that serves more than […]