M&G's Calich: The EM debt positions boosted by cheap oil

Oil-importing nations boosted by lower costs

The main factors recently driving sentiment towards emerging market bonds were equally in focus among developed regions. Most prominent in the headlines have been China's economic deceleration, falling oil and commodity prices, and the implications of a US rate hike as its economy (ex-energy) performed relatively well. Kames launches EM bond fund There will be winners and losers against such a backdrop. Consequently, with these considerations remaining among the risks for the asset class, emerging market debt markets should produce disparate returns in the year ahead, as they did in 20...