Increasing importance of Passive funds in EM Credit: BarclaysMani
Even though September is considered the biggest redemption month for Global EM sovereigns, the favorable market conditions should attract a flurry of issuers to the market over the next few weeks, believe analysts at Barclays. Andreas Kolbe and team said in their August 25 research piece titled “A Crowded Approach” that they expect the Ukrainian government to complete its IMF review within the next month despite obstacles to reform that jeopardize the country’s medium-term outlook.
Increasing importance of passive funds in EM . . .
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