EM Debt Beating Expectations: JPMorgan (1)

EM Debt Beating Expectations: JPMorgan (1)

Funds Bonds

EM fixed income returns are so far outperforming JPMorgan's base case scenario for 2012, the bank says. Its EMBIG index has been the top-performing asset class year-to-date across both developed and EM fixed income and equities, with a 9.6% return. It expects 9%-12% returns across EM assets for this year. The EMBIG and the CEMBI corporate bond index have "surprised on the upside," by tightening 61bp and 50bp, respectively, since the beginning of the year. LatAm EMBIG members have tightened 48bp,

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