Emerging perspectives

Emerging Market Debt Indicator January 2021

Our EM Fixed Income team summarises market developments during January across the EM sovereign debt universe. The team also shares its views on the EM debt outlook, provides insights on regional portfolio positioning and this month features an article on recent developments in Costa Rica.

Feb 12, 2021

15 minutes

EMD Team
Our EM Fixed Income team summarises market developments during January across the EM sovereign debt universe. The team also shares its views on the EM debt outlook, provides insights on regional portfolio positioning and this month features an article on recent developments in Costa Rica.

This edition includes:

  • Market review
  • Top-down views and outlook
  • Insights from the team
    • How likely is real fiscal consolidation in Costa Rica?
      An examination of prospects following the recent staff-level loan agreement with the IMF.
  • Portfolio positioning highlights
    • An overview of our positioning across EM regions, countries and currencies.


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Specific risks

Emerging market: These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems.

All investments carry the risk of capital loss. The value of investments, and any income generated from them, can fall as well as rise and will be affected by changes in interest rates, currency fluctuations, general market conditions and other political, social and economic developments, as well as by specific matters relating to the assets in which the investment strategy invests. If any currency differs from the investor’s home currency, returns may increase or decrease as a result of currency fluctuations. Past performance is not a reliable indicator of future results.

Authored by

EMD Team

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Important Information

This communication is provided for general information only should not be construed as advice.

All the information in is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessary reflect those of Ninety One.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

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