The case for a pan-continental treasury
It has been a strong showing for European equities in recent weeks, with the European Central Bank (ECB)'s policy action – and the rate cut in the US – all helping to lift shares higher.
Population explosion still key driver of global markets
'Significant eurozone reform' on the cards
Political uncertainty driving up purchases
'Short-term pain for long-term gain'
Kevin Corrigan, head of fundamental fixed income at Lombard Odier Investment Managers, explains how conventional market cap indices often leave bond investors exposed to the countries and companies that are borrowing the most.
Central European economies are beginning to show signs of growth, despite the Russia-Ukraine conflict showing no sign of easing in the near future, writes Franklin Templeton's Mark Mobius.
Edward Lam is running a significant underweight to China in the expectation the country will move to devalue its currency.
Franklin Templeton's Michael Hasenstab has said there will be no Armageddon in the eurozone, and urged investors to take advantage of short-term market inefficiencies.
Franklin Templeton Investments' Michael Hasenstab has boosted exposure to Hungary in the $60bn Templeton Global Bond fund, meaning the overall company is likely to hold more than 10% of the country's government debt.
Mainstream investors can remember when many of the largest countries in the emerging world experienced bouts of volatility, elevated borrowing costs, currency devaluations, high political risk and episodes of default.
Neptune founder and CEO Robin Geffen has ruled out the possibility of a eurozone breakup following a meeting with Italian Prime Minister Mario Monti.
MAPPING THE DEBT CRISIS
The European Central Bank has held interest rates at 1% but president Mario Draghi has voiced concerns over the situation in Hungary.
Credit ratings agency Fitch has cut Hungary's long-term foreign and local currency debt to junk status, following a tumultuous week for the country.
Franklin Templeton Investments' Michael Hasenstab has defended his Hungarian debt position amid reports the group owns 10% of the country's local bond market.
Hungarian bond yields soared above 10% yesterday after the government cancelled a bond swap auction, increasing fears the country will be the first in the EU to default on its debt.
Around 10% of Hungary's local bond market is owned by Franklin Templeton Investments, according to reports.
Aberdeen's emerging market debt team has warned against investing in Turkish local currency government debt after yields spiked to record highs.
Struggling Hungary has moved to raise its benchmark interest rate from 6% to 6.5%, the highest ever level seen in the European Union, in order to protect its currency.