Trading Fixed Income and FX in Emerging Markets: A Practitioner's Guide (Wiley Finance)
A practitioner's guide to finding alpha in fixed incometrading in emerging marketsEmerging fixed income markets are both large and fast growing.China, currently the second largest economy in the world, ispredicted to overtake the United States by 2030. Chinese fixedincome markets are worth more than $11 trillion USD and are beingadded to global fixed income indices starting in 2019. Access forforeigners to the Indian fixed income market, valued at almost 1trnUSD, is also becoming easier – a trend repeated in emerging marketsaround the world. The move to include large Emerging Market (EM)fixed income markets into non-EM benchmarks requires non-EMspecialists to understand EM fixed income. Trading Fixed Incomein Emerging Markets examines the principle drivers for EMfixed income investing. This timely guide suggests a moresystematic approach to EM fixed income trading with a focus onpractical trading rules on how to generate alpha, assisting EMpractitioners to limit market-share losses to passive investmentvehicles.The definitive text on trading EM fixed income, this book isheavily data-driven – every trading rule is thoroughly back-testedover the last 10+ years. Case studies help readers identify andbenefit from market regularities, while discussions of the businesscycle and typical EM events inform and optimise trading strategies.Topics include portfolio construction, how to apply ESG principlesto EM and the future of EM investing in the realm of Big Data andmachine learning. Written by practitioners for practitioners, thisbook:Provides effective, immediately-accessible toolsCovers all three fixed income asset classes: EMFX, EM localrates and EM creditThoroughly analyses the impact of the global macro cycle on EMinvestingExamines the influence of the financial rise of China and itsfixed income marketsIncludes case studies of trades that illustrate how marketstypically behave in certain situationsThe first book of its kind, Trading Fixed Income in EmergingMarkets: A Practitioner’s Guide is an indispensable resourcefor EM fund managers, analysts and strategists, sell-sideprofessionals in EM and non-EM specialists considering activity inemerging markets.