2024-05-16 07:50:00 ET
Summary
- We believe the conventional approach to investing in emerging markets debt, which is top-down and blended, leads to less efficient capital allocation.
- We believe that over the long run, investors are better compensated for taking credit risk than currency risk in the EM debt space.
- This bottom-up, security-selection approach to investing across the EM debt universe, we believe, has the potential to achieve a more efficient allocation of capital.
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For further details see:
The Dilemma With A Blended Approach To EM Debt