Renewable Energy: The Rise of Emerging Markets
Beyond Conventional Wisdom Emerging markets carry a persistent reputation: that of economies dependent on a dirty energy mix, largely dominated by coal and hydrocarbons. Under this view, the energy transition is seen as a luxury for developed countries. Emerging economies would supposedly get there later, once their development cycle is complete. The facts tell a […]
Active Management Initiative
Hormuz: when geopolitics reshuffles the energy asset map
Energy: From Market Shock to the re-ranking of projects and capital Summary Hormuz is not merely a price shock: it is a supply security stress test. When geopolitical risk materializes, decision-makers think in terms of robustness, and this can re-rank projects and redistribute capex. Origin risk is likely to become durably embedded in investment decisions. […]
Focus on Short Duration Bonds in Emerging Markets
Maximizing Carry while Minimizing Sensitivity to Rates and Spreads “In an environment where the credit spread curve has flattened, longer-maturity bonds no longer offer sufficient additional yield to compensate for their higher sensitivity to market movements.” Emma Otmani, CFA – Junior Portfolio Manager at IVO Capital Partners IVO Capital Partners’ View In the emerging market […]