Emerging Market Debt - Giving Credit Where it's Due

Emerging Market Debt


An analysis of what the future holds for emerging market debt, its robustness to external shocks and what this means for performance


  • It hasn’t been the easiest of years for Emerging Market Debt (EMD) in 2018 so far. Having shot the lights out in 2016 and repeated that same feat in 2017, the asset class saw investors piling in, hungry for yield and stable income. 2018, characterised by an ever-stronger US Dollar and heightening trade tensions, reversed some of these gains as performance has been in negative territory for the first-half of the year, for both local currency and hard currency bonds.

  • In this paper, we will be seeking to gain insight into what the future holds by delving into recent economic history, identifying factors affecting prices/returns, using case studies and analysing the effects that the consensus market outlooks may have on future performance.

To read the full report click here.


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