Emerging Markets Income: March Monthly Commentary
3 minutes read timeThe etymology of ‘bankruptcy’ is from the Renaissance era meaning ‘broken bank’, which was quite appropriate last month for two such Anglo-Saxon institutions. So far contagion in the emerging world has been very limited, but the feedback loops will last for a while. The most relevant will be tighter credit in the US private sector, […]
Emerging Markets Income: February Monthly Commentary
3 minutes read timeOver the course of February, the fund declined by 1.37% as markets continued to fret about the possibility of a recession, the propensity of the Federal Reserve to trigger one or that it’s the inevitable result of the US and European banking system struggling to adjust from years of abnormally low interest rates. With the […]
Emerging Markets Income: January Monthly Commentary
3 minutes read timeIn January the fund appreciated by 3.6% as markets, particularly in Asia, were buoyed by the prospect of the Chinese re-opening. China is the only country globally with supportive policy action combined with a benign rates environment and so we have added very selectively to positions where we see extreme valuation discounts (one position had […]
Emerging Markets Income: December Monthly Commentary
3 minutes read timeIn December the fund declined by 2.75% leaving the return for the full year since launch in June at -0.3% adjusted for dividend distributions. On January the 3rd the fund went ex-dividend for the fourth quarter payment of £0.166, a yield of 1.7%, bringing the total distribution since inception in June to £0.634, which annualises […]
Pacific Emerging Markets Breakfast Meeting
< 1 minute read timePacific Asset Management was delighted recently to host a hybrid Emerging Markets Breakfast event with the highly experienced managers of the Pacific EM All Cap Equity and Pacific EM Equity Income Opportunities funds.
