Q&A: Michael Gomez, Pimco

Emerging market credit has received plenty of attention in recent weeks. While most emerging market funds have posted huge returns in 2009, the problems faced by state holding company Dubai World and its real estate development arm Nakheel have brought a reality check to the asset class.

Although the government of Abu Dhabi stepped in on Monday with a $10 billion package – $4.1 billion of which was used to settle a Nakheel sukuk issue due to mature that day – the episode has raised concerns about

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