Hedge funds, urged by banks to buy big into EM debt ahead of Japanese institutions, were left high and dry, says the UK fund house's co-head of research.
Tag : emd
Junk bonds may offer attractive returns relative to sovereign debt, but both asset classes are at record low yields. Are investors taking sufficient note of fundamentals?
The change, set to be announced in early 2013, will aim to keep the bank's widely used EM bond indices in line with debt market development.
