portfolio institutional has invited investors from Centrica, the Royal Mail Pension Scheme, BESTTrustees and T. Rowe Price discuss the impact of the pandemic on Emerging market debt.
Covid-19 has hit emerging markets hard. At the start of 2020, developing nations were driving more than half of the world’s GDP thanks to envious growth projections, but the pandemic changed that.
Now government and corporate finances are under pressure and the five defaults we have seen in emerging markets so this year could be the start of trend, rating agencies predict.
There was a huge sell off in March, but investors have since backed new issuances, so why do investors still believe in emerging markets. In October, we spoke to a group of asset owners to find out.