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By Kirstie SPENCE, Portfolio Manager Capital Group
We still believe that there is good value across a range of emerging market (EM) debt assets – in absolute terms and relative to other fixed income asset classes. Emerging market debt is unlikely to face a broad EM debt crisis, at least in the next couple of years. It should benefit from the massive liquidity spill-over as lower risk assets become more fully valued.
How has COVID-19 impacted emerging markets?
The virus has spread rapidly through most countries in the world, including emerging markets (EM). The actual number of cases is likely to remain unknown as testing is harder to deploy in EMs than in developed markets (DM), but what we do know now is...
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