...and 3 reasons not toMay 26, 2015 9:00
Diversification falls back as debt crisis takes centre stage
Frontier debt traditionally appeals to institutional funds because it provides diversification. But as risk aversion grows and liquidity falls, this is no longer happening, even in the GCC.
November 28, 2011 3:59 by Reuters
…economic problems this year and where the political climate is uncertain, have also dropped sharply.
But some frontier borrowers, such as African sovereigns Senegal and resource-richNamibia, have met a better reception.
“Namibia has its own story — it’s investment grade,” said Calich, who also said secondary bond markets in countries like Argentina and Venezuela were less exposed to events on the world stage.
But for the rest, Calich said: “It’s clear all the strong countries within the industrialised space will be correlated.” ($1 = 6.3590 Chinese yuan) (By Carolyn Cohn; Editing by Stephen Nisbet)
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