Emerging market debt has gained more than 15% in 2016, outperforming all other major asset classes and markets, and confounding the roundly pessimistic expectations at the start of the year.
Recognising specialist boutiques and passive investing
Investment Week is pleased to announce the winners of our second Specialist Investment Awards, designed to recognise boutique & specialist fund managers and passive investing.
The 'growth gap' between emerging and developed markets is widening in the former's favour and emerging markets are expected to grow by a robust 4.5% this year, according to Muzinich's Warren Hyland.
Last year a mini-tornado blew through energy markets as oil prices tumbled. This swept up many firms at the heart of the US fracking boom that had grown through high yield debt. The wider high yield market took a fair bit of collateral damage.
Europe's recovery remains choppy, slow and fragile, yet as long as it can be maintained, European high yield debt is an attractive option for investors, according to Muzinich & Co's Erick Muller.
Recognise boutiques and passive investing
Four bond managers reveal the key challenges for fixed income