EMB - MSD: Emerging Markets Exposure And A Fully Covered 11.63% Yield
2024-06-09 08:32:08 ET
Summary
- The Morgan Stanley Emerging Markets Debt Fund is the second-highest-yielding fund in its category, offering an 11.63% yield.
- The fund's price performance over the past five years has been disappointing, but it has outperformed its benchmark index and other peers.
- The fund primarily invests in sovereign and quasi-sovereign debt securities, with a focus on government obligations, providing some peace of mind for investors.
- The fund does not employ leverage at the present time, but it still manages to achieve an 11.63% yield that is fully covered by investment profits.
- The fund's shares are currently trading at a discount on net asset value.
The Morgan Stanley Emerging Markets Debt Fund ( MSD ) is a closed-end fund that income-focused investors can employ as a method of achieving their goals. On the surface, the fund manages to do very well at this task, as its 11.63% yield certainly compares very well with its peers:
| Fund Name |
| Morningstar Classification |
| Current Yield |
| Morgan Stanley Emerging Markets Debt Fund |
| Fixed Income-Taxable-Emerging Market Income |
| 11.63% |
| Templeton Emerging Markets Income Fund ( TEI ) |
| Fixed Income-Taxable-Emerging Market Income |
| 10.61% |
| Virtus Stone Harbor Emerging Markets Income Fund ( EDF ) |
| Fixed Income-Taxable-Emerging Market Income |
| 12.81% |
| Western Asset Emerging Markets Debt Fund ( EMD ) |
| Fixed Income-Taxable-Emerging Market Income |
| 10.72% |
| Morgan Stanley Emerging Markets Domestic Debt Fund ( EDD ) |
| Fixed Income-Taxable-Emerging Market Income |
| 7.56% |