Off to a flyer

Emerging market debt has had an exceptional few years in so many respects - with the strong performance of the asset class accompanied by significant improvements in fundamentals, declining volatility and a broadening of the investor base. The emerging market 'sweet spot' certainly showed no sign of abating in 2005. Despite rising interest rates in the US, external conditions remained broadly supportive of the sector. Economic fundamentals continued to improve within emerging markets too, helping the asset class to post strong performance for the third consecutive year. Emerging mark...