US Investors Vanofanira Kutarisa kune imwe nyika kune Imari Yakakwirira Inowedzera
Muchikamu chino, tichatarisa pasi rose zvakasimbiswa mari inoshandiswa iyo inogona kupa humwe humwe huri nani pane huwandu hwakanyanya hwekuchengetedzwa kweUnited States neEurope.
Nyaya Yekubuda Kwebhengi Bonds
Emerging market emakambani ehutano anopa mikana nekuda kwekusaziva kwemashoko, kusvibiswa kwematambudziko, nekushambadza kwekutsvakurudza kune mamwe masangano, maererano neT. Rowe Price vaongorori. Izvisungo zvinopa zvibereko izvo zvinokwana zana zvinokwirira zvakakwirira kupfuura zvakafanana nehutano hwehutano hweUnited States, apo kupararira kwave kwakanyanya kuwirirana neEurope kana yeJapan zvisungo zvakapiwa zvakaderera zvakanyanya kana zvisina zvibereko muzvikamu izvozvo.
Emerging market sovereign bonds zvakare inowedzera hukuru hwepamusoro pamusoro pemakore gumi apfuura. Maererano nemashoko eBloomberg, zvinodarika makumi matanhatu kubva kuzana makumi matanhatu zvemazana emakakatani emakakatani mabhizinesi ibhizinesi rekutsvaga nhasi rinoenzaniswa nemakore 30-40% makore gumi akapfuura. Zvakakosha kuziva kuti mamwe mararamiro ari kubuda anoramba aine ngozi - akadai seBrazil - asi vazhinji vave vachiwedzera zvishoma nezvishoma mararamiro avo mumakore gumi apfuura nekuda kwekunakidza maitiro evanhu.
I International Monetary Fund inotaurawo kuti hupfumi huzhinji huri kutengeserana hupfumi hwakawana hutano hwakasimba hwehupfumi, huwandu hwekuchengetedzwa kwezvinhu, uye hwakavaka mashizha akaoma ekutsigira chikwereti chazvo. Muna July 2016 World Economic Outlook, sangano rakasimudza marongerwo ayo ekuwedzera emakwenzi aya, richiti kuvandudzwa kwakaonekwa mumavambo ainge aine matambudziko aibva kuRussia neBrazil.
Kuvaka Kuratidzwa Kwekuwedzera Kwemahomba Mabhizimisi
Vashandi vemunyika yose vane maitiro akawanda akasiyana apo zvinosvika pakubuda kwemashamba emabhengi, kusanganisira zvose zvekambani kana hurumende zvisungo kune mazana emarudzi.
Emerging market sovereign bonds inotsigirwa nehurumende dzekune dzimwe nyika panzvimbo dzevamwe vashandi, izvo zvinovaita sarudzo yakachengeteka nekuda kwengozi yakaderera yekusafa. Vashandi vanotarisa kuti vawedzere kuwanda kwezvinhu vanogona kuwedzera kushandiswa kwemari yekunze kwenyika nemari yemunharaunda yemunharaunda. Kusiyana neizvi, avo vanoda kuvhara chero mari ipi zvayo inogona kuisa mari mune mari-yakavharwa mari inotenga chikwereti mu US dollars.
Imwe yemakambani anozivikanwa ari kubuda anosimudza mari yehurumende inosanganisira:
- iShares JP Morgan USD Emerging Markets Bond ETF (EMB)
- iShares Emerging Markets Local Currency Bond ETF (LEMB)
Emerging market yebhizimisi zvisungo zvakabudiswa nemasangano ega ega kana ehurumende, izvo zvinoreva kuti vane ngozi nehuwandu hwezvibereko. Vazhinji vatyairi vanofanirwa kufunga nezvemabhizimisi ehurumende mari yehutano iyo inopa kujekesa kune zvikamu zvakakura zvemakambani. Zvimwe, avo vanotarisira kutora njodzi yakawanda vangada kufunga nezvekubhadharwa kwehupfumi mari iyo inowedzera muhutano hwebhizimisi hwekutengeserana pasi pekutsvaga bhizinesi-zvinoreva kuti vane mikana yakanyanya yekusara.
Mamwe mazita anozivikanwa achibuda mumakambani emabhandi emari anosanganisira:
- iShares Emerging Markets Corporate Bond ETF (CEMB)
- iShares Emerging Markets High Yield Bond ETF (EMHY)
Ngozi Dzokufunga
Emerging market bonds ine huwandu hwehutano hunokonzerwa nevashambadzi vanofanira kunyatsofungisisa vasati vaita chisarudzo.
Mungozi yemari ndeyengozi yemari yemunharaunda inowira mukukosha kana ichienzaniswa nedhora reU.S., iro rinoumba kurasikirwa paunodzokera kumashure emadhora e US. Muchidimbu chechidiki-chikwata chekuda kwemazingira, mari-yakavharirwa ETFs yakave yakawandisa mari yeTENF yemunharaunda, asi nyanzvi dzakawanda dzinopikisa kuti ETFs yemunharaunda inopa zvakanakisisa kusiyana. Emerging market ye ETFs inowanzova yakawanda riskier kupfuura yeTF dzakagadziriswa nekuda kwechepasi pasi rose chikwereti chehutano.
Vashandi vemunyika yose vanogona kuderedza dambudziko iri kuburikidza nekuvimbisa kuti purofiti yavo yakasiyana -siyana kune dzimwe nyika dzakasiyana-siyana dzinotengeswa.
Izvi zvakasimbisa kuti hapana mari yemunyika kana hurumende yega yega inokanganisa kushanda kwese kworuzhinji. Semuenzaniso, vazhinji vezvibvumirano zvakataurwa pamusoro apa vakaona kushanda kwakasimba kwegore rakapera pasinei nedambudziko rehupfumi rinoonekwa munyika dzakadai seBrazil.
The Bottom Line
United States neEurope mabhizimusi emisika zviri kuwedzera kuva nengozi pamusana pemari yavo yakaderera zvikuru. NeSweden Reserve inotarisa kuti iwedzere kuwanda, zvibvumirano izvi zvingave pangozi yekuona mari inokosha munguva inotevera. Imakakiti yemakambani ehurumende uye zvisungo zvehurumende zvinogona kupa zvibereko zvakanyanya zviri nani pasina ngozi shoma. Nenzira yakawanda, zvibvumirano izvi zvakaona kuvandudza chikwereti chekwereti chinotungamirirwa nekukura kwakasimba.