With about $300bn issued last year and a similar amount expected this year, surely the market for EM corporate bonds is getting a bit frothy?
Brett Diment, head of emerging markets and sovereign bonds at Aberdeen Asset Management, says not. And although he points to some reasons for caution, he thinks this is a market that still has legs. Read more
Aberdeen Asset Management on Monday published a fairly gloomy forecast for 2013, complete with a warning that investors aren’t likely to find much cheer even in emerging markets.
But the fund manager still backed equities over bonds, pointing out that despite the poor global economic outlook companies were generally in “very good shape”. Just a matter of picking the right stocks, we suppose. Read more