EELV - Exploring The Opportunity In EMD
Emerging market debt ((EMD)) has rallied sharply this year, bouncing back from a tough 2018. Is now a good time to add exposure? We would be buyers on any material sell-offs, as we see fundamentals remaining supportive in coming quarters. Our overall view on emerging markets (EMs) favors equities over debt, yet we believe EMD offers attractive income for bond portfolios.
Chart of the week
EMD and U.S. investment grade yields, 2014-2019
Past performance is not a reliable indicator of current or future results. It is not possible to invest directly in an index.