IE Conjecture podcast: Discussing Emerging Market Debt
InvestmentEurope’s Conjecture on Emerging Market Debt took place on 26 October.
Gordon Brown, portfolio manager at Legg Mason subsidiary Western Asset; Kate Hollis, director at S&P Capital IQ Fund Research; and Stephane Fertat portfolio specialist at T. Rowe Price discussed their views on the opportunities, risks and sweet spots for investing in this asset class.
The discussion covered topics including: identifying the best sovereign/corporate debt opportunities, benefits of EM debt diversification, and impact of F/X on instruments priced in local currency.
Also considered were views on risks affecting the asset class, such as emerging market governance, and issues of tracking error in debt portfolio management, as well as any evidence suggesting the emergence of a growing number of more professionally run markets for EM debt located in emerging markets themselves.