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home / news releases / the diverging fortunes of emerging markets


MSF - The Diverging Fortunes Of Emerging Markets

By Alberto J. Boquin, CFA

This year's COVID shock accelerated a secular decline in interest rates around the world. Emerging market ((EM)) rates are no exception. The yield on the JPMorgan Emerging Market Local Currency Index (GBI-EM) declined to a series low of 4.6% compared to a 6.3% average in the prior decade. However, looking at the index can be misleading as there is plenty of dispersion beneath the surface. Higher-quality EMs have seen their interest rates converge toward developed market levels, but there remains a posse of lower-quality EMs where equilibrium rates continue to

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Stock Information

Company Name: Morgan Stanley Emerging Markets Fund Inc.
Stock Symbol: MSF
Market: NYSE

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