Emerging markets (EMs) have delivered world-beating returns in recent decades, especially for those who have invested wisely. Picking the right assets in EM economies has yielded compelling returns for those willing to look for them.
Many EMs now display significantly improved and mature credit conditions which, in some cases, are better even than those of developed markets (DMs). With global markets set to enter a new phase of monetary policy normalisation and rising interest rates, should fixed income investors broaden their search for investment assets?
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