The drivers of the growth trend in EMD

Western's EMD specialist talks about his approach to investing in nascent markets

Matt Duda, portfolio manager on Western Asset Management’s EM team, discusses the growth in issuance of EM debt, his outlook for the sector, and what the global financial crisis taught him about investing in nascent markets. What is Western Asset’s overall approach to emerging markets, and how does it fit in with the larger strategy of the company? Our strategy is to take a long-term value approach, based on secular themes that drive our country, sector and issuer selection decisions. We see a lot of value in emerging markets, and as economies continue to grow, investing in EM corporat...