Chart Of The Week – 2nd September 2013

This summer witnessed a complete capitulation towards emerging market (EM) investments – stocks, bonds and currencies. Investors have swung full circle from last decade, and have now turned pessimistic on long-term EM economic prospects. While it is too soon to return to most EM stock markets and currencies, there is one area that stands out as being attractively valued for global investors seeking higher yields with low risk – namely, EM dollar-denominated debt.

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