Is the sell off in EM debt a buying opportunity?

ON BONDS

Although emerging markets equities and bonds have endured a tough sell off over the last six months, Pimco's Michael Gomez highlights the reasons why investors should look at the price weakness as a buying opportunity.

Virtually no sector of the global fixed income market was immune from the heightened market volatility of the last few months, and emerging markets were no exception, experiencing one of the worst periods of performance in the past decade. The opportunity set for emerging market debt has dramatically evolved, encompassing sovereign and corporate bonds issued in both hard and local currency; these assets have also become more liquid as more investors make allocations to emerging markets a permanent part of their long-term strategic portfolio. We believe investors should consider using ...