Managers fear the sun may set on emerging market debt


Fund of hedge fund managers cast doubt over the resilience of emerging market debt after a run saw it appreciate 63% since January 2001.

Investors in JP Morgan's Emerging Market Bond Index at January 2001 - when the Fed began cutting interest rates - gained the healthy return to 31 December, 2004 but Andrew Tolhurst, research director at Sagitta Asset Management, notes more than half the index is now investment grade, and while "this does not mean these markets are risk free," demand has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: