Caroline Gorman, Investment Manager, responsible for GAM’s emerging market debt strategies throws the spotlight on the potential pitfalls to be found when trading emerging market local debt.
Rules, taxes, regulations and market convention vary wildly from country to country. What might be perfectly acceptable in one country can land you in hot water in another. This article sheds some light on the obstacles one faces when navigating around local markets and why it can be beneficial to task a professional with the job.
Nothing in this material constitutes investment, legal, accounting or tax advice and should not be construed as a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction The statements and opinions in this material are those of the author at the time of publication and may not reflect his/her views thereafter. The companies listed were selected by the author to assist the reader in better understanding the themes presented. The companies included are not necessarily held by any portfolio or represent any recommendations by the author.