We have written in the past about our belief that Chinese Government Bonds (CGBs) are an essential holding for the Driehaus Emerging Markets Opportunities Fund. When we initially made this argument a few years ago, it was met with some skepticism, but given the incredible inflows the market has seen of late, that view is becoming more widely appreciated. In short, the CGB market offers real yield, a rarity in major sovereigns currently, and exposure to a strong currency. Most importantly, it’s an effective hedge to other market risks.
The first month of 2021 has proven every bit as volatile as 2020. This month’s commentary examines how the Strategy is positioned amid the wave of stimulus observed in the world’s major economies.
Several European nations have pledged to become carbon-neutral by 2050 by having zero net-emissions and interesting enough, hydrogen has a part to play. There has been rising importance of turning hydrogen "green" in order to hit zero emission goals.