Has the Selloff Made Emerging Markets Cheap (And How Would You Know)?
The current episode of asset price weakness has challenged standard valuation approaches in the emerging markets. Mehran Nakhjavani, Partner, Emerging Market Strategy, will discuss approaches that mitigate the conceptual pitfalls, and provide practical tools for investors. During his presentation, Mr. Nakhjavani will explore global vs. local cost of capital; relative value and peer comparisons; trend appreciation and productivity; external drivers vs. idiosyncratic risk; agency ratings and credit risk, real yields; nominal yields vs. nominal GDP and currency hedged local bond yields vs. dollar bond yields.
Mehran Nakhjavani is a partner and helped found MRB in 2010. He has extensive experience in investment research and investment management, specializing in emerging markets and oil-producing economies. Mr. Nakhjavani focuses on investment themes arising from the emergence of economies and financial markets outside the developed world. He works with clients to assist portfolio investment decisions primarily in emerging markets.
Prior to joining MRB, Mr. Nakhjavani managed emerging market and global equity portfolios at UBS Global Asset Management (1998-2008). He was also a minority owner and Managing Editor of BCA Research Inc., where he founded the firm’s emerging markets strategy service (1992-1998). Previously, he covered OPEC economics and finance with the Middle East Economic Survey, Financial Times and Economist Intelligence Unit.
Mr. Nakhjavani has an M.A. in Economic from McGill University and a B.A. from the University of Cambridge.
Please note, attendees are asked to bring their own lunches.
There is no charge for Members for this event, however registration is required since space is limited.
Putnam Investments Auditorium
100 Federal Street
Ground Floor - Enter Through Federal Street Side
Boston, MA 02110
Registration is complimentary for members.
CE CreditCFA Boston has determined that this event qualifies for 1 CE credit hour under the guidelines of CFA Institute's Continuing Education Program. If you are a CFA Institute member, CE credit for your participation in this event will be automatically recorded in your CE tracking tool.