LONDON (Reuters) - BlueBay Asset Management said on Monday it had increased its exposure to local currency emerging market debt and in 'hard currency' EM credit now preferred sovereign debt over corporate debt due to relative valuations.
"With the Fed on 'pause', the backdrop is supportive for emerging market (EM) assets to outperform. In our multi-asset credit strategies, exposure to EM debt has been raised, notably local currency debt," BlueBay's chief investment strategist, David Riley, wrote in a note to clients.
Graphic: Bluebay ups EM exposure https://tmsnrt.rs/2t4aYcI
(Reporting by Marc Jones, editing by Karin Strohecker)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app