East European opportunity

In the emerging markets fixed interest arena, Eastern Europe is performing well, however, Latin America is still faced with political and debt problems. Jerome Booth, head of research at Ashmore, says: 'Emerging markets fixed interest has done very well as spreads have not narrowed.' Helene Williamson, director of emerging markets fixed income at Foreign & Colonial, says: 'Emerging markets fixed income markets have had good performance of between 5% and 7% for the first six months of the year. 'The most important thing in this area has been the change in investor base. Speculative mo...