Emerging market debt as an asset class has become a more viable investment because it has become mor...
Emerging market debt as an asset class has become a more viable investment because it has become more liquid, according to Colm McDonagh, fund manager at Aberdeen. McDonagh says the sector has performed well over the past six months and has become more diversified. 'There was a large default in Argentina last year, which was an important hurdle, but other emerging market countries have not been as affected as first thought,' he says. According to Baring Asset Management, the Argentine crisis did not contaminate the rest of the asset class because of clear improvements in economic and p...
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