Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

<p>In this note, we look at the strong negative correlation between EM currencies and the dollar, and its implication for trading opportunities within EM.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

In this note, we look at the strong negative correlation between EM currencies and the dollar, and its implication for trading opportunities within EM.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

FX Dashboard: EM Currencies on Aggregate Have Mirrored the Dollar This Year

Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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<p>For our next webinar, we're excited to host Insight Provider <a href="https://www.smartkarma.com/profiles/gautam-jain-phd-cfa" target="_blank" data-smartkarma-citation="accounts:16876" rel="noopener">Gautam Jain, PhD, CFA</a> , who will be going over the process with which he comes up with trade ideas in Emerging Markets FX and Rates. </p><div><h3>The webinar will be hosted on Wednesday, 28 April 2021, 11:00 SGT/HKT.</h3></div><div>
<div class="content-highlight"><h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=87206774217" target="_blank" rel="noopener">Register for the Webinar here</a></h2></div>
<div id="ember2586"><div><div>Gautam Jain has over 20 years of experience covering global emerging fixed income markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specialises in portfolio construction, smart-beta index creation, and asset allocation. He holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.</div></div></div>
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For our next webinar, we're excited to host Insight Provider Gautam Jain, PhD, CFA , who will be going over the process with which he comes up with trade ideas in Emerging Markets FX and Rates. The webinar will be hosted on Wednesday, 28 April 2021, 11:00 SGT/HKT.
Register for the Webinar here
Gautam Jain has over 20 years of experience covering global emerging fixed income markets, both as a strategist and a portfolio manager. He has worked in buy-side and sell-side firms, including The Rohatyn Group (TRG Management), Barclays Capital, and Millennium Partners. He has helped manage emerging markets local-currency and hard-currency debt funds. The assets that he covers include currencies, interest rates, sovereign credits, and related derivatives. He specialises in portfolio construction, smart-beta index creation, and asset allocation. He holds a Ph.D. in Operations Research from Columbia University and is a CFA charter holder.



Smartkarma Webinar | Alpha Bites: Trade Ideas in FX and Rates

<p>In this note, we highlight the outperformers and underperformers among EM currencies as US long-end yields have come off from their peak at the end of last month.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

In this note, we highlight the outperformers and underperformers among EM currencies as US long-end yields have come off from their peak at the end of last month.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

FX Dashboard: Leaders and Laggards in EM FX as US Yields Retreat from the Peak

<p>In this note, we go over the reasons behind the strong performance of the South African rand (ZAR) and argue that while the environment is supportive, continued outperformance may lead to an opportunity to short the currency.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

In this note, we go over the reasons behind the strong performance of the South African rand (ZAR) and argue that while the environment is supportive, continued outperformance may lead to an opportunity to short the currency.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

FX Dashboard: South African Rand’s Outperformance Continues

<p>The first round of Peru's presidential election has produced a negative outcome with a leftist candidate headed to a second round against a right-wing candidate with a high rejection rate. However, with the currency already reflecting these risks combined with record levels of international reserves, a buying opportunity could open up before the second round.</p><p>Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.</p>

The first round of Peru's presidential election has produced a negative outcome with a leftist candidate headed to a second round against a right-wing candidate with a high rejection rate. However, with the currency already reflecting these risks combined with record levels of international reserves, a buying opportunity could open up before the second round.Separately, the attached file is a snapshot of EM currency market, which we produce daily, and where we seek to identify the leaders and laggards among currencies by comparing the performance of each to its history as well as to other currencies based on their respective betas to the broad market.

FX Dashboard: Peru’s Currency and Rates Are Already Reflecting Election Risk

Indonesia

The Indonesian rupiah is the official currency of the Republic of Indonesia. 

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FX Dashboard: EM Currencies on Aggregate Have Mirrored the Dollar This Year

In this note, we look at the strong negative correlation between EM currencies and the dollar, and its implication for trading opportunities within...

Gautam Jain, PhD, CFA

Smartkarma Webinar | Alpha Bites: Trade Ideas in FX and Rates

On 28 April, 11am SGT, join our webinar with Insight Provider Gautam Jain, who will be going over the process with which he comes up with trade...

Smartkarma Research

FX Dashboard: Leaders and Laggards in EM FX as US Yields Retreat from the Peak

In this note, we highlight the outperformers and underperformers among EM currencies as US long-end yields have come off from their peak at the end...

Gautam Jain, PhD, CFA

FX Dashboard: South African Rand’s Outperformance Continues

In this note, we go over the reasons behind the strong performance of the South African rand (ZAR) and argue that continued outperformance may lead...

Gautam Jain, PhD, CFA

FX Dashboard: Peru’s Currency and Rates Are Already Reflecting Election Risk

The first round of Peru's presidential election has produced a negative outcome. However, with the currency already reflecting these risks, a...

Gautam Jain, PhD, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)