LONDON (Reuters) - Investors are buying up debt of everything from Brazilian airlines to Indian ports, hastened by a hunt for yield and default levels among emerging market (EM) companies below that of U.S. peers.
In a sign of the sector's growing appeal, year-to-date flows into emerging bonds have turned positive for the first time in eight months, with $3.5 billion flowing in during the week to Nov 18, the fourth largest inflows ever, according to Bank of America (BofA), citing Emerging Portfolio Fund Research (EPFR) Global data.
A breakdown of the push into emerging market corporate debt is not available, but fund managers see signs of growing interest as the passing of the U.S. election and progress on COVID-19 vaccines reawakens investors' appetite for risk.
EM corporate fixed income offers a year-to-date return of 5.6%, less than 30-year Treasury bonds, but more than other fixed income peers like U.S. corporate high-yield and emerging market sovereign, according to BofA.
Read more from the original article:
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發