The coup in Myanmar, coupled with the country’s stalled financial-market opening, means global funds have little choice but to avoid the nation, money managers say.
Myanmar Coup Risks Making Nation ‘Uninvestible’ Some Funds Warn
Bloomberg 2/11/2021 Livia Yap and Khine Lin Kyaw
(Bloomberg) The coup in Myanmar coupled with the country’s stalled financial-market opening means global funds have little choice but to avoid the nation, money managers say.
The army’s seizure of power last week has led to street protests and condemnation from governments around the world, discouraging overseas investors who are increasingly basing their decisions on environmental, social and governance standards. At the same time, plans to establish a market for corporate bonds and an additional listing option for companies have been on hold since the onset of the coronavirus.