Скачать или смотреть EM bonds YTD review and outlook

While emerging market bonds have notably underperformed in the year-to-date period, Fund Manager Claudia Calich believes the longer-term fundamental case for the asset class remains intact. The outlook for broad-based global economic growth is still in place, for example, which should help fiscal improvements and deleveraging in emerging countries. In this Bond Vigilantes video, Claudia also notes why she thinks the market’s recent decline has left areas of the emerging debt markets looking fairer value, with attractive relative yields supporting her assessment. At the same time, the performance of local currencies (are they weak or is the US dollar strong?), international trade tensions, and idiosyncratic stories in Turkey and Argentina must be monitored closely.

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