During 2013, free from the market noise of the first taper tantrum, our Emerging Market Fixed Income Team stepped back and imagined what emerging market (EM) debt would look like in 2020. Quite a time horizon in the new world order where the unthinkable could be considered as a plausible scenario and spreads are often driven by sentiment and fears rather than fundamentals.
Emerging Markets are a significant driver of global economic growth and highly idiosyncratic. With some US$15trn outstanding, emerging market debt could provide a huge opportunity, offering investors the ability to access government bonds or credit via local currency or dollar-denominated.
Please join Steve Cook, Managing Director, Co-Head of EM Fixed Income and Natasha Smirnova, Senior Vice President, Product Specialist, who will share with you their current thoughts on the macroeconomic environment and how this will potentially impact bond investors.