EM global bonds top diverse sector

Currency exposure drives emerging market-focused portfolios to the top of IMA Global Bond Sector over one year

The IMA Global Bond sector is one of the most diverse, with funds in the peer group investing across a range of developed and emerging markets worldwide. Although like-for-like comparisons between funds in the sector are difficult, over the last year one clear theme has developed – the rise of emerging market-focused funds. Emerging market global bond vehicles fill three of the top 10 positions in the IMA peer group with gains of at least 25% over one year. According to Morningstar, Invesco Emerging Markets Bond is the top performer over one year to 5 July, up 29% compared to a sector...