March 3, 2014
Emerging market hard currency bonds returned 1.13% in the week to February 27, according to fund performance data from Lipper. That was a sharp improvement on the 0.18% increase EM hard currency funds posted a week earlier, and pushed them to a 0.93% year to date return. Local currency debt funds returned 0.98% over the week to February 27, also performing better than the previous week, but still down 1.22% since the start of January. International income funds rose 0.57%, which followed a 0.14%
Fund performance: Emerging market hard currency bonds and equity funds posted better returns last week.