Bond Markets |

UBS Wealth Has Hedge Fund-Like Playbook to Combat Market Mayhem

LAGOS (Capital Markets in Africa) – The world’s largest private bank is doubling down on exotic strategies to profit from the intensifying meltdown in the synchronized bull market. As Wall Street frets another annus horribilis, UBS Global Wealth is embracing a playbook beloved by hedge funds — a slew of options trades that bet, for example, on the continued outperformance of U.S. healthcare stocks versus industrials when tensions in commerce sink equities. The $2.4 trillion money manager’s…

If Bond Market Could Decide, Egypt Would Be Set for Upgrade

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – With its finances in tatters, a credit upgrade was out of the question for Egypt before it secured an IMF loan agreement. Fast-forward six months, and it’s already won promotion in the bond market. Egypt’s dollar bonds have sprung back this year, driving its borrowing costs to the lowest level since 2015. That has lifted the market perception of Egyptian risk above that of some ratings assessors. The nation’s…

The World a Better Place for South Africa for South Africa Investors

Posted on by The Editorial Team

JOHANNESBUGH (Capital Markets in Africa) – There are three big themes that we believe will dominate markets in the year ahead. These are Keynes is King, Reflation and South Africa Stabilises. The first two themes are about an improving world and better global growth, while the third theme is South Africa specific and has the biggest impact on the local asset classes in which we invest. Keynes is King The world has shifted. The big…

Nigeria Capital Markets Update Week Ending Dec 9 2016

Posted on by The Editorial Team

Equities Market Review and Outlook The Nigerian equities market sustained a positive outing for the second consecutive week as the benchmark index rose 0.3% W-o-W to settle at 25,817.69 points. The All Share Index (ASI) recorded marginal gains on all trading days of the week save for Tuesday when the ASI dipped 0.3% on account of profit taking. Overall performance was largely driven by significant interest in FORTE (+62.8%) which touched a record low in…

Sierra Leone Pension Fund Buying Government Debt as Rates Rise

Posted on by The Editorial Team

Freetown, Sierra Leone, Capital Markets in Africa: Sierra Leone’s state-owned pension fund is increasing its holdings of government debt after rates more than doubled this year on Treasury bills sold by the West African iron-ore and cocoa producer. The National Social Security and Insurance Trust, or Nassit, is also increasing the maturities of its fixed-income investments, Alpha Keita, head of the fund’s Treasury Investment Division, said in an interview in Freetown, the capital. Nassit holds 105…