As global rate pressures ease and fundamentals strengthen across key economies, conditions appear increasingly favorable for EM local bonds and currencies.
Emerging markets (EM) local currency debt posted strong returns in the second quarter, building on momentum from earlier in the year.
Emerging markets debt held its ground in the first quarter, but staying ahead means staying selective. We’re reassessing positioning across high-, low-, and frontier-beta currencies and rates as trade tensions and U.S. policy inject fresh uncertainty.
