Global Bonds benefit from emerging markets

M&G's Jim Leaviss and Threadneedle's Richard House reap emerging market value, though claim current challenges mean better value can be found elsewhere

The top funds in the Global Bond sector have produced reasonable returns at a time when some peer groups are actually losing clients' money. The best performers have been portfolios with an emerging markets focus, despite growing negativity from their managers on the region over the last few months. M&G's Jim Leaviss and Richard House of Threadneedle manage emerging market bond portfolios and both claim these countries currently present a challenging environment. Leaviss runs two of the funds in the Global Bond sector's top five, the M&G Emerging Markets Bond and Global Macro Bond off...