When investments deliver double-digit returns within a year, it is normal for investors to pause for breath and reassess the original investment thesis.
With the asset class having generated pleasing returns over the past year, this is effectively where we are with emerging market (EM) debt. Interestingly, having reassessed the outlook, global investors are increasing their exposure to the asset class, rather than taking money off the table. Niznik, Leyland, Lau: The People's Trust reveals manager line up for Q3 launch Inflows into EM debt have been strong and investors' strong risk appetite has enabled high yield markets to outperform investment grade. Importantly, the global economic backdrop continues to support sentiment. G...
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