Debt in developing markets is not as risky as some think, and closed-end funds are good vehicles to take advantage of the higher yields in these regions.
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
On the currency front, the Loomis Sayles Bond manager likes New Zealand, Canada , and Norway, but is more cautious about some emerging markets, including Brazil and Mexico.