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Wednesday, 13 September 2017

Bond Trend That Makes This Fund Manager Bullish on Mideast Debt - Bloomberg

Bond Trend That Makes This Fund Manager Bullish on Mideast Debt - Bloomberg:

"There’s a burgeoning opportunity in Middle East debt markets.

Abdul Kadir Hussain, a Dubai-based fund manager who weathered the emirate’s near default almost 10 years ago, has been plotting the average credit risk of emerging-market bonds against the extra yield investors demand to hold debt in the Arab world.

The two have been converging, which means the potential reward for holding riskier developing-nation bonds has almost vanished when compared with Middle Eastern debt, said Hussain, the head of fixed income at Arqaam Capital Ltd."



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