Argentina’s fiscal rehabilitation
Synthesis The country, previously in default, revived investor hopes with the election of a controversial libertarian president, Javier Milei. However, his ambitious fiscal program has run into familiar obstacles, including political turmoil and corruption scandals, which have quickly eroded investor confidence and once again hampered economic activity. Increased volatility emerged following the heavy defeat of […]
The postal code effect or the mispricing of emerging markets: a field of opportunities hidden by the sovereign ceiling
The postal code effect or the mispricing of emerging markets: a field of opportunities hidden by the sovereign ceiling Identifying opportunities under the ceiling: Emerging market mispricing caused by the sovereign ceiling “Identifying and exploiting market dislocations caused by sovereign rating caps provides a distinct source of alpha and illustrates the type of market inefficiency […]
Evolution of the Emerging Markets Trade Landscape
“The current dynamic in emerging markets is not one of disruption, but of diversification—a subtle evolution from dependence towards balance.” Vikky Chen – Credit Analyst at IVO Capital Partners Evolution of the Emerging Markets Trade Landscape: The Rise of China and the Growth of South-South Trade Summary: Chart 1: Evolution of Emerging Markets Trade Flows […]
Focus on ESG in emerging markets
Emerging countries, the designated culprits of climate change? A biased view of the global energy transition Mathieu Quenechdu, ESG analyst at IVO Capital Partners The vision of IVO Capital Partners Thus, far from being inactive, emerging countries are deploying ambitious policies to green their energy mix. An emerging market conducive to sustainable investment Sustainable investment […]
Information note – April 3, 2025
Dear investors, Recent developments related to the Trump administration’s implementation of new tariffs have reignited trade tensions and heightened market uncertainty. This situation is fueling questions about the trajectory of global growth, the risk of recession in the United States, and future inflationary dynamics, with mixed effects on US interest rates. Here we would like […]
Asset allocation: David versus Goliath
2023, the year of emerging market debt?
Does Latin America still offer investment opportunities?
What are the prospects for emerging market corporate bonds?
IVO Capital Partners’ long-range perspective – December 2022
