4 New Funds on Our Radar
Our analysts added these promising strategies to the Morningstar Prospects list.
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Our analysts added these promising strategies to the Morningstar Prospects list.
Turkey has under-delivered on rate hikes for a second month, but foreign investors are as yet unfazed and expect fresh money flows, cooling domestic credit and rising currency reserves to provide some...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
As the global economic backdrop continues to improve, more investors could be apt to take on risk in emerging markets (EM) debt...
Turkey Bulls Regroup Around Dollar-Debt as Default Risk Ebbs Bloomberg 2 hrs ago (Bloomberg) -- By certain measures, Turkey looks a lot like Latin America’s worst serial defaulters. But some investors -- including Fidelity International Ltd. and Vanguard Asset Management Ltd. -- are finding plenty to like. Since President Recep Tayyip Erdogan fired his market-friendly central bank governor last month, the cost of insuring Turkish sovereign debt has risen to the highest in emerging markets after Argentina. The lira nosedived and a gauge of one-year default probability jumped to a record o...