Demystifying local EMD

Emerging markets are at the centre of investors' attention, and rightly so. Their strong fundamentals, positive reform over recent years, advantageous demographics, wealth in resources and sound banking systems have all been widely publicised and are attracting interest. In the past few years, the debt issued by emerging markets has also been attracting attention, and local currency emerging markets debt in particular has begun to carve out a niche for itself as a strategic asset class. This rising popularity has been caused by a number of factors, not least the returns. But how can i...