Christian DiClementi

Emerging-market (EM) debt has often been viewed through a lens of skepticism, largely due to its historical volatility and susceptibility to global economic shocks. However, recent trends suggest a fundamental shift in this narrative. By examining three key themes, we can better understand why emerging markets are becoming less vulnerable and more attractive to investors, particularly in the context of corporate fundamentals and the global green transition.

We expect a favorable environment for emerging-market bonds in 2024, provided investors stay selective.

Just six metrics can effectively assess sovereign issuers’ sustainability and provide guidance for both issuers and investors.

Emerging-market bonds are showing renewed potential as rate-hike cycles mature and economies regain their footing. But credit selection will be

Based on The Economist magazine's data comparing hamburger prices across countries, many EM currencies look cheap today-as they did 20 years ago before an extended rally of EM stocks and bonds.

2022 was a weak year for emerging-market debt, but with China pulling back on zero-COVID policies and inflation showing signs of easing, credit markets could stabilize in 2023. Given the prospect of slowing global growth, credit selection will be key.

Robust ESG research can alert investors to major risks, sometimes months or years before bad news hits the market.

Emerging-market debt faces both obstacles and opportunities in 2022. Investors should proceed with care.

We debunk the environmental, social and governance myths standing between investors and EM corporate-bond investing.

There's no sugarcoating it: 2018 was hard on emerging markets. But as Nietzsche (and Kelly Clarkson) said, what doesn't kill you can make you stronger. And as 2019 begins, we see many pockets of strength—and opportunity.

The Turkish lira has dropped 38% as of August 28, putting pressure on inflation as well as the country's debt-heavy corporations and banks. Investor jitters have spread over the past week to some other emerging markets and European banks with Turkish exposure, but we don't expect contagion to expand much further from here.

Summer is just beginning, but emerging-market (EM) bonds and currencies have been on a roller-coaster ride for months now. In markets, though, volatility breeds opportunity-and we still see plenty of that among EM issuers.

Following a strong 2017, emerging-market debt (EMD) held its own in January despite a sharp rise in US interest rates. That's no accident. Economic fundamentals have improved dramatically, leaving EMD well positioned to withstand future turbulence.

Afraid you've missed the rally in emerging-market (EM) assets? Don't be. Responsible policies and pragmatic politics have taken hold in many developing countries. That bodes well for growth and suggests the rally has room to run.

For investors in search of a way to boost income and diversify their bond portfolios, now may be the time to consider what local-currency emerging-market bonds offer.

With inflationary pressures under control and external balances improving, many emerging-market (EM) countries are working on the next item on their to-do lists: reining in fiscal deficits. That's good news for emerging equities, dollar-denominated bonds and local-currency debt.

Higher interest rates, a stronger dollar and Donald Trump: three reasons to avoid emerging-market (EM) debt? Not necessarily. Rising rates seem to be signaling faster growth, and that's good news for many EM bonds and currencies.

Still think emerging markets are too risky? Think again. Smarter policies are leading to less vulnerable economies and rising currencies. For investors who need to wring more income from their bond portfolios, it's time for a fresh look.