EMCB - Emerging Markets Corporates Are Upside Outlier For Global Bonds

2024-05-10 12:30:00 ET

Summary

• Foreign fixed-income markets from a US investor perspective have been an unappealing asset class lately.
• Year to date, this slice of global fixed-income securities is hot, based on a set of ETFs through Thursday’s close.
• The rally in emerging markets bonds in 2024 is all the more impressive when you consider the headwind blowing from the US dollar, which has strengthened this year.

Foreign fixed-income markets from a US investor perspective have been an unappealing asset class lately - with a glaring exception: corporate bonds in emerging markets. Year to date, this slice of global fixed-income securities is hot, based on a set of ETFs through Thursday's close (May 9). The rest of the field is struggling....

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