Flows into EMD assets 'likely to persist'

Hard currency (HC) and local currency (LC) emerging market debt (EMD) have already delivered 13% and 10.3% this year respectively.

But will we get compensated for rising emerging market political and macroeconomic risks?  The external outlook for EMD is supported by plentiful global liquidity and declining core rates. The seven challenges facing EMD investors The majority of emerging market central banks have joined their developed market (DM) counterparts on the monetary policy easing path. The International Monetary Fund downgraded global growth to 3% for 2019, expecting only a marginal recovery to 3.4% in 2020. While the US may not enter a recession in 2020, the economy is likely to continue slowing d...