Sep
12
Bond Trend That Makes This Fund Manager Bullish on Mideast Debt
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Gap between emerging credit risk, Mideast spread at 2007-low
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50% of Mideast bonds have S&P ratings of A- and higher
There’s a burgeoning opportunity in Middle East debt markets.
Abdul Kadir Hussain, a Dubai-based fund manager who weathered the emirate’s near default almost 10 years ago, has been plotting the average credit risk of emerging-market bonds against the extra yield investors demand to hold debt in the Arab world.
The two have been converging, which means the potential reward for holding riskier developing-nation bonds has almost vanished when compared with Middle Eastern debt, said Hussain, the head of fixed income at Arqaam Capital Ltd…
Bond Trend That Makes This Fund Manager Bullish on Mideast Debt
