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Three Lessons We've Learned in Emerging Markets So Far
Key Insights
- The early 2020 volatility revealed that we should not underestimate central banks’ ability to help ensure market liquidity, which is a positive for emerging markets.
- We believe emerging market corporate bonds offer attractive long-term opportunities and that it is important to be early into the asset class following downturns.
- Ongoing volatility is expected. However, we anticipate greater discrepancy between strong and weak credits in EM, meaning security selection will be essential.