Though they've traditionally traded at a discount to developed markets, emerging markets will command a growth premium going forward, says David Semple, Van Eck's director of international investment.
Although developing-markets debt purchases have been escalating of late, investors should be aware of the correlations to other assets as well as currency risks, says Morningstar's Eric Jacobson.
Morningstar's director of fixed-income research offers a checklist for specialty bond shoppers and a few of his personal favorites among the noncore categories.