Local Bonds Are All the Rage in EM as Investors Buy Up ETFs
Federal Reserve’s dovish stance and US – China trade talks have increased demand for Emerging Market Local Government Debt Source: Bloomberg If investors wanted evidence that demand for local-currency bonds isn’t fleeting, here it is: The biggest exchange-traded fund tracking local debt in emerging markets has seen 17 weeks of inflows. The $9.7 billion iShares…
