BNY Mellon Investment Management has launched the BNY Mellon Emerging Market Debt Total Return fund that will be managed by Insight Investment, a BNY Mellon IM boutique. Insight’s head of Emerging Market Fixed Income Colm McDonagh (pictured) manages the fund alongside emerging market investment specialists, themselves supported by a 106-strong fixed income investment team managing £121.1bn […]
The overall outlook for high yield bonds appears to be broadly positive. Default rates remain low and economic data is encouraging. But the fortunes of the US and European markets are diverging, suggesting investors might consider a targeted approach rather than broad exposure to the asset class. In the US, uncertainty over how many interest […]
London-headquartered asset manager Insight Investment has appointed Darren Louis as portfolio manager within its emerging market debt team. Louis is based in London and reports to Colm McDonagh, head of Emerging Markets. In his new position, he will contribute to Insight’s expanding suite of strategies that include absolute return, total return and corporate debt investment grade and […]
Reforms in emerging markets play an important role in the country-picking operated by emerging market portfolio managers. Newton IM’s global EM portfolio manager Sophie Whitbread said EM countries that have been able to carry out reform are seen favourably. According to her, Mexico has been at the forefront of them. “The country’s tax system, electricity […]
At the crossroads Javier Murcio, senior sovereign analyst, emerging market strategies, Standish Mellon Asset Management Javier returned from a recent trip to Brazil with a constructive view of the country. While the market has reacted largely positively to the Brazilian government’s most recent policy shifts, the road ahead is bumpy. Lack of growth in the […]
Views from fixed income specialists in BNY Mellon boutiques Alcentra, Insight, Mellon Capital, Meriten, Newton and Standish suggest that corporate credit will continue to attract investors, despite a different risk/reward profile than they may be used to, because of the continued gap between yield offered and the income demanded by fixed income investors. The manager’s […]
Insight Investment Management, one of the brands owned by BNY Mellon, is to invest in receivables originated via Tungsten, the electronic invoice network that serves over half the Fortune 500 and two-thirds of the FTSE 100, accounting for some $2.7trn of spend annually. The underlying asset will be invoices originated by Tungsten in Europe and […]
Following the No vote in yesterday’s Scottish Independence referendum, BNY Mellon boutique investment managers Insight Investment and Newton comment on continued uncertainty for businesses, why Insight hold a modest negative view on UK gilts and why Newton expects the market to rally. Peter Hensman, global macro strategist, Newton Investment Management and Paul Brain, head of […]
Investment managers across BNY Mellon‘s boutiques identify market trends and idiosyncrasies that stand out as areas of particular opportunity and risk. 1. Know your fellow shareholders – 75% of the Chinese equity market is government owned. “When investing in emerging markets, investors should pay close attention to the identities of fellow shareholders.” “Given that almost […]
Insight Investment has blocked investors from pumping more money into its €1.1bn Insight Euro Liquidity fund following the European Central Bank’s move to cut interest rates.
BNY Mellon has launched an emerging markets corporate debt fund, to be managed by its subsidiary, Insight Investment Management.
At a conference focused on absolute return in Vienna, investors expressed fears that regulators may be ‘overshooting’ and discuss ways out of the low-interest-rate environment.