All Emerging Market Debt articles
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VideoGemcast Episode 17: Riding the Waves of Distress Cycles
In episode 17 of Gemcast, Mariya Gancheva, Portfolio Manager and Strategist at Gemcorp Capital, explores special situations investing in emerging markets. Mariya discusses the idiosyncratic stories that allow for greater convexity during cycles of distress, how today’s macro backdrop is creating dislocations across sovereigns and corporates, and why identifying genuine opportunity takes both analysis and local, on-the-ground relationships.
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White papersFrontier Bonds: An enterprise worth exploring
Their high yields attract attention, but the diversification potential of frontier bonds deserves equal billing. Under-researched economies, domestic investor bases and reform momentum create opportunities for investors prepared to look beyond familiar markets, explains Witold Bahrke, Senior Macro and Allocation Strategist at Global Evolution.
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White papersFixed Income Perspectives
Fixed Income Perspectives outlines the current macro and market views from across Capital Group’s extensive fixed income team and offers insights on investors’ bond exposure against an ever-changing backdrop.
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White papersCore Matters: 5-year returns forecasts - The return of carry
Global stocks look like they will enjoy another above-10% gain in 2026, for the fourth year in a row; at +13% year-to-date, the MSCI World has been less brilliant than in the past three years (respectively +22%, +18% and +22%), but that still caps an exceptional decade that will have seen the total return index more than triple.
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White papersHigher income, broader opportunity: Quick takes on capital markets
Elevated yields and resilient fundamentals have broadened the opportunity set across fixed income markets. Notably, the combination of higher yields and generally sound credit conditions has expanded the range of sectors capable of generating attractive income. While selectivity remains important, income is contributing more meaningfully to portfolio outcomes across the fixed income landscape.
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White papersEM Debt: The Case for a Blended Approach
The EM debt universe is larger, more diverse and higher quality than many investors perceive, offering compelling opportunities today. Given the uncertainties ahead, investors may benefit from taking a blended approach.
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White papersMike Freno on Barings’ Approach to Growth
Chairman, President & CEO Mike Freno Mike Freno spoke with IPE about Barings’ approach to long-term growth and the evolving opportunity across private markets.
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White papersFixed-Income Outlook: Four Ways to Capitalize on Dispersion
Fixed-income investors are being paid more to take risk than they have been in years, but not all opportunities are created equal. Higher yield levels, heightened volatility and growing differences across countries, sectors, industries and issuers are expanding the opportunity set. Dispersion is the raw material from which active returns are generated. Below are four ways investors can capitalize on it.
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White papersThe next phase of EM: AI, resilience and selective opportunities
Pulse on EM is UBS Asset Management’s regular emerging-market insights series, featuring expert views on EM equities, debt and multi-asset opportunities, with on-the-ground perspectives from our global investment teams.
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White papersEmerging markets fixed income: Diversification in an uncertain world
Over the past two decades, emerging-market (EM) fixed income has evolved from the volatility of the 1990s and early 2000s into an asset class characterized by strong fundamentals, disciplined policy mixes and effective structural reforms.
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White papersOil shock; six months on, the EM debt bid remains strong
In April, we argued that emerging markets (EM) fixed income was better positioned to withstand the oil shock than it had been in 2022 and that we believed the asset class was poised for a strong rebound if de-escalation occurred within a relatively short time frame. De-escalation took longer than ...
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White papersRethinking emerging markets: diversification and growth opportunities in equities and fixed income
Growing global uncertainty around company valuations, monetary policy and business cycles is prompting investors to rethink their asset-allocation strategies – and emerging markets (EM) are ideally placed to benefit. Across EM, a number of factors are combining to create compelling diversification opportunities in both equities and fixed income.
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White papersEmerging Markets, Reframed
Within a few years, the United States could be spending as much of its budget servicing debt as a median high-yield emerging market country. It is a stunning role reversal — and a useful starting point for rethinking the case for emerging markets.
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White papersRedrawing the map of sovereign investing
For much of the past two decades, the case for developed market government bonds at the centre of fixed income portfolios rested on three assumptions: inflation would remain contained, central banks would provide a dependable source of demand, and rising sovereign debt would be readily absorbed. Each now looks less secure.
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White papersFrom fragmentation to opportunity: EMD in a multipolar world
The world is undergoing a series of profound global shifts, a dynamic we have termed to as the Great Global Restructuring.
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White papersA differentiated approach to EM debt
Emerging markets (EM) debt offers a broad and differentiated opportunity set, with sources of risk and return that are underrepresented in a typical asset allocation mix. The asset class spans a wide variety of instruments from countries at vastly different stages of economic and political development.
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White papersWhy market structure rewards active management in local currency EMD
Local currency emerging market debt (EMD) has matured into one of the most diverse opportunity sets in global fixed income. Issuance has grown, liquidity has deepened, yield curves have developed, and the ownership base has broadened across domestic and international investors. For many emerging economies, a functioning local bond market and credible monetary policy are now signals of economic development rather than aspirations.
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White papersDebunking 5 Myths About EM Debt
Welcome to this month’s edition of Where Credit Is Due—a newsletter from Barings recognizing value across the people and portfolios shaping credit markets today.
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PodcastEM Debt: Still Undervalued?
Head of Global Sovereign Debt & Currencies, Cem Karacadag shares insight into the broad EM Debt universe and explains why spreads may be overcompensating for default risk.
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White papersSri Lanka’s Turnaround Story
How debt restructuring, rebuilt reserves and a fiscal turnaround are reshaping the country’s credit fundamentals — and what it means for emerging market debt investors
