Mike Riddell, bond fund manager at M&G, has warned if emerging market debt outflows continue at their current pace or worsen, the effect on the asset class is likely to be "cataclysmic".
This Monday saw a record daily outflow from emerging market debt funds, beating the record set during the “dark days” of September 2011. EMD funds reported outflows of $1.44bn on the day, ahead of the...
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