- Emerging markets debt is an under-researched and under-owned asset class, creating the potential for returns and diversification.
- Historically, emerging market debt sovereigns have defaulted about 1%, frontier markets about 1.5%, and median recovery values have been north of 50 cents on the dollar.
- One of the most interesting parts of the sub-asset classes of emerging markets debt is many of them have shown similar or greater returns than global equities over the last 15 years or so with a fraction of the volatility.
For further details see:
Why Emerging Markets Debt?