EMD: Time to switch from capital gain to coupon-clipping strategies
Emerging market debt has gained more than 15% in 2016, outperforming all other major asset classes and markets, and confounding the roundly pessimistic expectations at the start of the year.
Ten months on, anticipated events that might have been negative for emerging markets, such as a series of expected US interest rate rises, have failed to transpire. China's predicted 'hard landing' has...
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