Emerging market debt

One area most advisers may not have considered for portfolios is emerging market debt (EMD), and taking this a step further perhaps focusing on local currency (LC) issuance. However, this specific investment area is receiving publicity due to new fund launches over the past 12-18 months and an increasing awareness by investors of emerging markets in general. The potential investment benefits from this investment area over the long term include real capital growth (from the debt, currency appreciation, and yield compression perspectives), attractive levels of income, and low correlation to...