Webinar: “EM bond hedge during economical recession”
9:00 - 10:00 GMT +1 (London)
11:00 -12:00 GMT +3 (Moscow)
Despite high correlation among EM countries, each one will benefit or suffer differently from the global trends as they are is in different economic cycles.
The Russian economy is less sensitive to the shock because it has already been self-isolating for the past six years. The country’s economic fundamentals remain stable. It has a strong sovereign balance sheet, robust external finances and a credible macroeconomic policy framework.
Russia has one of the lowest debt to GDP ratio while hard currency bonds are still trading at a very appealing yields. Russia's corporate debt as a share of GDP has fallen to below 50%, while the state debt-to-GDP ratio is well under 20%.
On April 23 we will discuss Russian outlook, risks and growth drivers and share our short and long-term prognosis.
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