Our Global Debt Team features its quarterly update on macroeconomic conditions globally.
In our view, the global growth cycle is still intact.
Despite its recent rally, we continue to anticipate a weakening dollar in the medium term.
We believe a mix of U.S. and international fixed income can enhance risk-adjusted returns.
China’s New Era: Power consolidation, continued tightening bias to manage financial risks.
We see investment opportunities as a result of steeper yield curves in emerging markets.
Global economic trends indicate continuing U.S dollar weakness over the next few years.
We are more constructive on South Africa in the wake of its change in leadership.
Locally denominated debt in emerging markets calls for a different risk-management view.