By Shamaila Khan
In a banner year for capital markets, emerging market debt ((EMD)) posted healthy double-digit returns. Global central bank easing, among other supportive factors, helped drive a broad-based rally across nearly all emerging market ((EM)) countries. Can this strength continue through 2020?
We think it's unlikely that returns will be as robust in 2020. EM and other bond investors will face a number of systemic risks in 2020 - from a fraught geopolitical landscape to a global slowdown - underscoring the need to be more discerning. In the year ahead, the differences between