Notes from the desk of Polina Kurdyavko
South Africa – A state of national disaster
Polina Kurdyavko hits the road, reflecting on her observations from around the world while tying in fresh investment perspectives related to emerging markets.
- South Africa is again in a state of national disaster, this time caused by severe load shedding, as the state-owned utility cannot supply nearly half of its potential generation capacity to consumers.
- What's the good news? The government has been proactive in creating a Project Management Office (PMO) to focus on restructuring the electricity and transportation sectors, a move that could result in South Africa emerging as one of the greenest economies with most of its new electricity supply coming from solar energy.
- However, even if the PMO manages to deliver, such transitions take time and, in the interim, South Africa's Third World electricity problem will no doubt weigh on its First World institutions and, by extension, fixed income valuations in the market.
- In the short term, however, we believe investors will be rewarded for being patient and waiting for the right opportunity. While valuations appear attractive, we maintain a cautious overall stance on South Africa’s debt.
Not the time to be idle — Taking action in today’s credit markets
Episode one: A compass for today’s credit markets
March 22, 2023
Mark Dowding, CIO, BlueBay Fixed Income team, will draw from the insights he has developed over his distinguished career as a research analyst and portfolio manager as well as from the many in-depth and detailed conversations had with some of the largest investors in the world. Interact with Mark as he provides insight on these complicated times and his expectations for 2023 and beyond.
Global Equity investor insight
Monthly update with Jeremy Richardson
To keep pace with fast-changing news from around the world, it helps to have an expert in your corner. Tune in each month as RBC Global Equity Senior Portfolio Manager Jeremy Richardson reviews key global market events in one concise video to help keep you informed.
The weekly fix:
A crisis in confidence
We are pleased to provide a new weekly video series, The Weekly Fix, featuring Andrzej Skiba and members of the US Fixed Income team sharing insights into the events that are top of mind with fixed income investors.
We are pleased to offer additional vehicles for investment in our emerging markets and international equity strategies listed below.
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