Investors who stuck with bonds from countries that defaulted or are on the brink are betting the double-digit returns they’ve posted over the past month are just the start of a rally
Wall Street has been caught by surprise by a rally in local emerging-market debt, an asset class that’s been largely abandoned by foreign investors after a decade of underperformance
The World Health Organization declaration on Friday that the emergency phase of Covid-19 is over was largely symbolic. But, in a strange twist, the decision potentially has ramifications for creditors trying to collect on $400 million of defaulted bonds in Mexico City
Odds are rising that voters spurn President Alberto Fernandez’s left-leaning government in October’s elections, said Kathryn Exum, director and co-head of sovereign research and strategy at the US fund
GMO has a reputation for sustainable investing but one manager sees value even as a growing number of funds try to sharpen their environmental offerings to appease ESG demands of pension clients
In the past two decades, the government has reportedly been forced to pay at least $17 billion in settlements to investors in expropriated companies and to holdouts on defaulted bonds
