With some countries lifting coronavirus lockdown periods, our emerging market debt team looks at the temporary factors affecting the asset class and reviews some key features investors should consider for the long-term. Bottom-up analysis, a benchmark agnostic approach and diversification might not sound like new ideas, but the current context underlines their importance even more.
Mirroring other global credit markets, the demand, supply and oil shocks facing the global economy have brought significant stress to emerging market debt and have threatened to push emerging market (EM) growth to extremely negative levels—worse, in many cases, than experienced during the Global Financial Crisis.
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