The inclusion of emerging markets debt in foreign portfolios / Daniela MONTEZUMA / 2019

Titre : The inclusion of emerging markets debt in foreign portfolios Type de document : Mémoire Auteurs : Daniela MONTEZUMA, Auteur Année de publication : 2019 Importance : 25 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management FINANCE DE MARCHE ; INVESTISSEMENT ; SATISFACTION ; MACROECONOMIE ; CONSOMMATION Résumé : Since the beginning of the 20th century, globalization is playing a radical role, integrating cultures, people and countries. Financial markets have been involved in the international integration, approaching supply and demand and satisfying investors. Therefore, emerging markets have become a center of financial flows due to its characteristics as macroeconomic stability, attractive returns and a diversification benefit. Firstly, emerging markets have become more viable for inversion since the middle class is growing and consequently the consumption, making them as a growth potential market. In addition, the discipline of its monetary and fiscal policies is giving trust to investors and the control of inflation levels. Secondly, emerging market debt is offering higher yields comparing to developed markets due to the last financial crisis, encouraging investors to look for more attractive investments. Additionally, there is a credit spread between the U.S. Treasury yield and emerging debt yield to the risk including in emerging markets as sovereign risk. Finally, emerging markets plays a diversification role when is including in portfolios due to its correlation with developed markets and it is currently included in foreign portfolios under management of fund managers. Note de contenu : PGE: Bibliogr.P. 24-25 Programme : PGE-Rouen Spécialisation : Finance de marché - Financial markets, Assets and Risk Management Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=497040