Emerging market debt: A simple promise

Emerging market debt: A simple promise

Bonds Funds

By Mariana Santibáñez Emerging market credit started the year with an unprecedented bang. Funds piled into the asset class as new and existing investors upped their allocations in a seemingly relentless search for yield – as well as shelter from the global market storm. Nowhere was the upsurge as apparent as in corporate credit, which has proved the fastest growing part of the asset class. Although debt issuance by emerging corporates has slowed since January, inflows to the market remain robust: some $19.7 billion through August 15 was ploughed into emerging market dedicated bond funds which includes hard currency, local currency, sovereign and corporates in the first half of this

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