Compilation of Frontier Market related articles across the web from 13th July 2020 to 19th July 2020.
Articles of the Week:
UK AIM-listed investment trust Aberdeen Frontier Markets is in the process of winding-down, with complete closure expected in the middle of August. Asset allocation, the size of the investment trust and operational costs have all been cited as reasons for closure.
As Lebanon’s economic woes continue to escalate, the government has now reached out to its regional neighbours in a bid to help alleviate any further damage that awaits the Middle Eastern nation.
Vietnam has constantly been cited as a major winner while relations between the US and China are frosty. Macroeconomic numbers point towards a booming economy, but the stock market is saying otherwise.
Investors on the Nigerian Stock Exchange have been on a roller-coaster ride since the beginning of the year. While the perception of the market to some outsiders remains negative, there is still a glimmer of hope that the bourse will rebound and thrive once again.
Warren Hyland, the head of Emerging Markets at Muzinich & Co., spoke to Citywire about how the recent events in Frontier Markets has unearthed a vast array of opportunities in the sector, primarily the debt space.
On to the broader topic of Emerging Markets, kiplinger.com released a list of the 10 best Emerging Markets ETFs that investors should look at if they want to gain exposure in these “high growth high risk” economies if a global rebound is to occur.
Statistics of the Week:
- Turkey recorded a $3.7bn current account deficit in May (vs $5.06bn deficit in April).
- Zimbabwe June inflation rate hits 31.66% (vs 15.13% in May).
- Kazakhstan business confidence is negative for the first time this year.
- Kazakhstan unemployment rate remains at 4.8% in June.