Latin America Offers Opportunities for Bond Investors

Claudia Calich, manager of the M&G Emerging Markets Bond fund outlines what investors should expect from fixed income in 2018

M&G Investments 8 January, 2018 | 1:37PM

Rio de Janeiro

Emerging markets debt posted strong returns in 2017, driven by the stabilisation of fundamentals, the ongoing global economic recovery, a small rebound in commodity prices and a geopolitical environment in which the usual suspects – Trump,  North Korea, China – have behaved in a more benign fashion thus far.

One had to struggle to find an asset that produced negative returns and the only two that did, Venezuela and Turkish local bonds, reflected very different idiosyncratic factors.

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M&G Investments  is a leading retail and institutional fund manager.

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