WEBINAR: EM Local Currency Bonds: The dog days are over
Please join Alexis de Mones (Portfolio Manager, Local Currency), and Gustavo Medeiros (Ashmore’s Global Head of Research). During this live webinar they will discuss the opportunities present in Local Currency Bonds.
Tuesday, 5th September 2023
11:00am EDT | 4:00pm BST | 5:00pm CEST
The discussion will cover their views on the topics below, and more:
- EM vs DM monetary policy divergence
- EM local bonds remains unloved and unowned.
- EM LC underperformed in the 10 years since Taper Tantrum.
- The tantrum this time was in DM. Fear of policy normalization in the rear mirror.
- US fiscal policy and risks.
- De-dollarization and end of $ dominance.
- Always Active: Currencies, Bonds, and Themes
- The impact of a weaker USD on other EM asset classes
The webinar has finished.
Alexis de Mones
Alexis de Mones, Portfolio Manager, joined Ashmore's fixed income team in 2012. Alexis started his career in 1997 at Morgan Stanley as an Emerging Markets sovereign credit analyst covering EMEA. In this capacity Alexis notably advised Middle Eastern and Central Asian sovereigns and corporates on their credit ratings and access to the capital markets. From 2002 onwards, Alexis managed Emerging Markets and Global fixed income portfolios at Morgan Stanley, ABN Amro and BlackRock where he was lead investment strategist for the Global Bonds product. Alexis holds a Masters in Public Policy from Harvard University and an Honours Degree in Business from EDHEC in France.
Gustavo Medeiros
Gustavo Medeiros, Head of Research at Ashmore Group, is responsible for following macroeconomic and political developments across developed economies and emerging markets. He is responsible for providing a review and forward-looking views of macro top-down developments on a weekly basis to the Investment Committee and, where required, works with the investment teams to translate these views in actionable investment ideas. Before joining Ashmore, Gustavo worked for ten years at HSBC in São Paulo and London, where he traded Latin American local rates and currencies. After joining Ashmore in 2011, Gustavo worked for six years with the local currency team covering Latin America before joining the sovereign external debt team as portfolio manager responsible for Eastern European and African markets. Gustavo was appointed to Deputy Head of Research in October 2019 and became Head of Research in October 2021. He holds a degree in Business Administration from Fundação Armando Alvares Penteado in São Paulo and is a CFA charterholder.