The Case for Local Currency Bonds “Si, Se Puede!”
August 08, 2023 at 18:14 PM EDT
By Gustavo Medeiros of Ashmore Group Believe it or not, Emerging Markets (EM) local currency bonds have been outperforming global fixed income asset classes for the past 18-months. Most of the outperformance has been based on an early and more appropriate hiking cycle from EM central banks, who are cutting rates ahead of developed market (DM) central [...] The post The Case for Local Currency Bonds “Si, Se Puede!” appeared first on ETF Trends .
