Investors are attractedto Latin American debt

Latin American debt offers minimised credit risk and more attractive valuations than Asian debt, according to Ece Ugurtas, director of fixed interest at M&G. On a macro perspective it has been a good year overall for emerging markets, Ugurtas says. She adds: "Latin America has benefited the most as oil prices have been strong and are allowing for fiscal and external surpluses." There is little oil production in Asia and credit is already expensive, leaving very little value, she says. Paul Murray John, emerging markets fund manager at Threadneedle, agrees: "Asian debt has performed so ...