Local-Currency Emerging Markets Debt: Opportunity Meets Diversification
Embracing Change
Discover a dynamic asset class that’s reshaping global fixed income. The local-currency emerging-markets debt market has grown to about USD 6.9 trillion, now dominated by sovereign issuers and surpassing hard-currency emerging-markets and corporate bonds. The investable universe has expanded, with the Morningstar Emerging Markets Government Bond Local Currency Index increasing from 11 to 19 countries and shifting more toward Asia. Index changes, such as adding India and China and removing Argentina and Russia, reflect evolving market criteria.
Fund managers use varied strategies offering investors access to a diverse and expanding universe of sovereign issuers. Download the report to discover more.
What’s inside:
- Discover why the local-currency emerging-markets debt market has expanded rapidly.
Find out how to benefit from strong performance in key markets like Turkey, Brazil, South Africa, and Mexico.
Experience lower risk compared to developed-market debt when currency risk is hedged.