Emerging perspectives

Emerging Market Debt Indicator October 2020

Our EM Fixed Income team summarises market developments during October across the EM sovereign debt universe. The team also shares its views on the outlook for EM debt, provides insights into portfolio positioning, and this month examines another surprise interest rate decision in Turkey.

Nov 13, 2020

20 minutes

Our EM Fixed Income team summarises market developments during October across the EM sovereign debt universe. The team also shares its views on the outlook for EM debt, provides insights into portfolio positioning, and this month examines another surprise interest rate decision in Turkey.

This edition includes:

  • Market review
  • Top-down views and outlook
    • Surprise interest rate decision in Turkey.
      A closer look at the unexpected move by the Turkish central bank in October, which saw no adjustments to the weekly repo rate.
  • Portfolio positioning highlights
    • An overview of our positioning in a selection of 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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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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