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BlackRock recommends dollar EM bonds

Emerging market hard-currency bonds generally seem a better buy now than their local-currency equivalents, says Sergio Trigo-Paz, the US fund house's head of EM debt.
BlackRock recommends dollar EM bonds

Given the recent exodus of money from emerging markets and much increased EM currency volatility, certain governments are turning to hard-currency bond issues – and investors would be well advised to buy them, argued BlackRock's head of EM fixed income yesterday.

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