Emerging Market Debt Update

GAM
By February 22, 2019 13:02

Emerging Market Debt Update

Growth Fears Temper the Rally

The rally in emerging market (EM) assets paused this week as disappointing European data and mounting evidence of a slowdown in global capital expenditures stoked investors’ fears around the resiliency of the current expansion. Oil prices fell, core rates rallied and EM equities gave back over 1% in performance. In fixed income, credit was resilient but EM local markets suffered on the back of FX weakness.

GAM
By February 22, 2019 13:02

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