Research & Insight

Last month, Rexiter participated in the third annual Bloomberg Square Mile Relay.

Following the most dramatic global contraction since the great depression, unprecedented monetary and fiscal easing has been a necessary response in the world’s quest to restore economic growth. However, with the balance of probabilities shifting towards hikes rather than further cuts, fixed income fund managers will shortly be facing a dilemma. Yields are historically low and the prospects for capital losses loom ever larger as the effects of the massive global stimulus feeds through into inflation.

In recent years, emerging market debt has become an increasingly attractive asset class, characterised by strong risk-adjusted returns. This had led to growing demand from institutional investors in developed markets, keen to take advantage of the enhanced return potential and significant diversification benefits that this relatively new asset class offers.

From time to time, a deceased person’s life is overly beautified, but there are also some exceptions.

Second quarter earnings results were better than expected overall around the world, and I would like to highlight here the results of some major Korean corporates.