TUESDAY, MARCH 10TH, 2020: DAY ONE – ANTICIPATING AND MANAGING RISK
Tuesday, March 10th, 2020
Changing demographics in emerging markets, particularly a rising middle class and growing urbanization, directly impact the development and trading of new debt instruments there. What are the key megatrends that will shape these markets in the next decade? Sarvjeev Sidhu, the global head of emerging markets at Aegon Asset Management will illuminate the most important demographic trends that he has seen – and forecasted – across his more than 25 years of managing emerging market sovereign and corporate trades.
•Explore the likely impact of a new generation of digital consumers
•Forecast the debt instruments to benefit most from new infrastructure developments
•Benefit from rising financial inclusion
WEDNESDAY, MARCH 11TH, 2020: DAY TWO – EMERGING MARKET SELECTION AND OUTLOOK
Wednesday, March 11th, 2020
China’s giant economy plays a major role in the global macro environment, while also bringing secondary effects on other Asian EMs and the EM sector as a whole. More than any other EM, local expertise is vital for understanding Chinese liquidity, providers, and how to get in and out.
• Describe how the ruling Communist Party will rely on economic policies to stay in power
• Recognize global leadership and development initiatives, such as BRI, as underlying drivers for policy thinking
• Prioritize local expertise in Hong Kong and mainland China
Frontier markets are expected to advance to become emerging markets, yet in practice the categories must be treated very differently. They typically see a lot of trade finance and bonded direct deals, with private equity being rarer. What are the most important risk factors that you must confront in these countries?
•Quantify country risks and currency risks for regions facing political upheaval and currency devaluation
•Emphasize educating a smaller pool of investors for a better return profile
•Cope with the reality of fast change