Emerging Market Corporates
Identifying Opportunities in a Stressed Price Environment
With nearly half the world's population in lockdown, global demand and supply chains have been severely impacted by the coronavirus pandemic. The most affected sectors include the energy sector, especially upstream exploration and production (E&P) companies amid the recent collapse in oil prices, transportation, with its grounded fleets of planes, discretionary consumer goods, automakers and basic materials, among others. Some sectors have been more resilient. such as utilities, pulp and paper, technology and media and telecommunications.
Global economic deterioration has been slowed by extraordinary fiscal and monetary policies put in place by governments and central banks around the world. We believe that emerging market companies are relatively well-positioned to weather the global downturn.
Learn more about:
- Our outlook for EM corporates supported by valuations
- Three metrics that indicate credit strengths
- Portfolio strategies for stressed markets