The dangers of EMD as asset class becomes mainstream

In the second half of the Conjecture debate our three speakers – Michael Story, product specialist at Western Asset Management, a Legg Mason affiliate, Colm McDonagh, head of emerging market debt at Insight Investment and Kate Hollis, global head of fixed income and alternatives, at Fund Research, part of the Standard & Poor’s Group, discuss the potential pitfalls. What do you think are the risk factors in the sector at the moment? Michael Story (MS): The biggest factor for us is still the global macroeconomy. We are reasonably confident a double-dip recession will be avoided and we wi...