According to BlackRock

EMD Should Shift From Being Beta To Alpha Driven

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EMD Should Shift From Being Beta To Alpha Driven
Wikimedia CommonsFoto: Pxhere CC0. Desde la beta al alfa: cómo debería cambiar la inversión en deuda emergente

Author: Gabriela Huerta

  1. EM high-yielding bonds will be delivering positive total returns in 2018 as developed market central banks gradually normalize monetary policy
  2. BlackRock believes the new environment may call for an unconstrained EMD strategy, with an emphasis on dynamic duration management and flexible asset allocation
  3. Benchmark-driven investors should favor EM local markets