For a long while EMD has been a somewhat unloved asset class but with a recent shift in allocations and flock of what some are labeling 'tourist investors' could this spell warning signs? We are not convinced this is necessarily the case based on recent dialogue with senior EMD investors.
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The Emerging-Markets Debt Time Bomb?
The explosion of debt in troubled developing countries like Brazil may be a problem at some point in the future. For now, investors are stepping over one another to buy more of such bonds.
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