With nearly half the world’s population in lockdown, global demand and supply chains have been severely impacted by the coronavirus pandemic.
Global economic deterioration has been slowed by extraordinary fiscal and monetary policies put in place by governments and central banks around the world. For example, the US has implemented a $2trn stimulus package to help consumers and impacted industries navigate this crisis. Similar measures have been implemented in other developed and emerging markets (EM) and we believe EM companies are relatively well positioned to weather this downturn. EM corporate bond valuations have cheapened dramatically amid broader volatility in global risk markets. The CEMBI spread widened by about...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
