Even though September is considered the biggest redemption month for Global EM sovereigns, the favorable market conditions should attract a flurry of issuers to the market over the next few weeks, believe analysts at Barclays. Andreas Kolbe and team said in their August 25 research piece titled “A Crowded Approach” that they expect the Ukrainian government to complete its IMF review within the next month despite obstacles to reform that jeopardize the country’s medium-term outlook.
Increasing importance of passive funds in EM credit
On the back of the global macro environment supporting high-yielding assets, EM assets have continued to benefit. Kolbe and colleagues point out that though inflows into EM bond funds have not touched the July record levels, they remain very...
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