TUESDAY, MARCH 10TH, 2020: DAY ONE – ANTICIPATING AND MANAGING RISK
Tuesday, March 10th, 2020
Local currency is the fastest-growing asset class, with money going into local funds quadrupling in the last 5 years. But volatility in many local currencies can raise doubt about returns over 10 years. What’s the best advice that managers can give about their blending strategies? Who decides how it is blended, and how flexible is that decision?
•Use flexibility on currency to make better credit
•Devote the time, resources, and partnerships necessary to guide a 50/50 currency ratio
•Show how to hedge currency risk – and how much yield you would give up in the process
•Judge how weighted and dynamic strategies are
•Outline the process of moving local currency to new milestone levels
WEDNESDAY, MARCH 11TH, 2020: DAY TWO – EMERGING MARKET SELECTION AND OUTLOOK
Wednesday, March 11th, 2020
Smaller Latin American countries can be seen as “niche” and require a lot of educational hand-holding for clients to feel comfortable investing. Country bias can make it hard for even large clients to gain access in local markets where personal relationships are long-established.
•Internalize that people tend to overconcentrate on local economies and are more reactive than proactive
•Capture assets and get the best pricing internationally when investment capacity is small
•Navigate advances when products are basic for U.S.-based investors but sophisticated for locals