Investing in Japan – An Emerging Interest in Corporate Governance

Investing in Japan – An Emerging Interest in Corporate Governance

On March 13th Fanuc, the world’s largest manufacturer of industrial robots, took the market by surprise after announcing that it was moving to increase shareholder returns and intended to set up an investor relations department in an effort to start communicating with shareholders. While it ...

Africa ratchets up its debt again

Africa ratchets up its debt again

Unsustainable debt In the wake of various crises in developing countries, certain key development principles established in the 1980s have been seriously challenged, foremost being the Washington Consensus (WC) . Governments ...

From Third World to Frontier Markets

From Third World to Frontier Markets

As a credit analyst, one of my first experiences in emerging markets was the Argentinian debt crisis that began in 2001. I had only just started in the business when I had to get to grips with what would turn out to be the biggest default in financial history. One thing was for sure: investors ...

Oil and its repercussions

Oil and its repercussions

Strong demand...  Recent events have reminded investors of the fragility of many  countries that belies their appearance. At the time of the emerging markets' correction in the early weeks of December 2014, the JPMorgan emerging markets sovereign debt index in dollars fell by ...

What next for Chinese banks?

What next for Chinese banks?

Over the last three months we have seen a surge in share prices in China, in a sector known for its poor fundamentals – the financial sector. Performance of Chinese banks   Source: Bloomberg The poor quality of this sector is largely due to the presence of non performing ...

Investment Strategy for 2015

Investment Strategy for 2015

In my article on the investment strategy for 2014, I wrote that it was important to differentiate between the structural framework and the short-term environment. Another way of looking at this is to say that you should distinguish between the economy and the markets . Growth problem ...

The Swiss Surprise

The Swiss Surprise

Some thoughts about the Swiss National Bank's decision to abandon the EUR/CHF currency ceiling: 1. Clearly, the decision of the Swiss National Bank (SNB) does not indicate great confidence in the prospects for the euro . Abandoning the ceiling of 1 euro for 1.20 Swiss francs also suggests ...

From the peso oro to the maquiladoras

From the peso oro to the maquiladoras

Historically, until the 19th century, the Spanish dollar, the forerunner of the Mexican peso, was used in a number of regions around the world. The "Mexican peso" was legal tender in the United States until the Coinage Act of 1857. Today, the country once known ...

Quo vadis bonds?

Quo vadis bonds?

Is the yield of 0.75% p.a. on the 10-year Bund economically rational or a speculative bubble? Investors who bet on bonds at the start of 2014 will look back on the year with satisfaction: All bond markets enjoyed a remarkably positive performance up to 30 November. This performance ...

About. The BLI blog features regular analyses and our points of view on the latest economic trends and developments on the financial markets.

OUR METHODOLOGY

BLI's investment management methodology consists of three steps: strategic asset allocation, tactical asset allocation and securities selection.

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