DuPont Stays Overweight on Venezuelan, Ukrainian Debt
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Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Dollar debt from Russia, Hungary, Kenya and Belarus became more attractive in 1Q while bonds from 14 emerging markets including Iraq, Colombia and Nigeria became less attractive, DuPont Capital says in an e-mailed report.
- NOTE: DuPont says picks based on an internal credit model
- Debt from 18 nations including Argentina, Turkey, Ukraine, Greece, Belize and Venezuela is undervalued
- Debt from Poland, Philippines, Qatar, Thailand, Morocco and Ecuador among 29 overvalued sovereigns
- Maintaining durations slightly shorter than benchmark across most credit portfolios as interest rates likely to rise slightly this year
- Corporates have best value in investment grade credit
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283