Pablo Goldberg, portfolio manager of BlackRock Financial Management Inc., speaks during the World Economic Forum on Latin America in Buenos Aires, Argentina, on Thursday, April 6, 2017. The World Economic Forum on Latin America will explore the challenges, risks and opportunities for Latin America in this transitional period. Photographer: Sarah Pabst/Bloomberg
LONDON: The BlackRock Inc money managers who correctly predicted this year’s bumper inflows into emerging-market debt are now reining in bullish bets.
Returns from emerging market debt will slow to between 2% and 3% in the rest of the year, according to a note by Pablo Goldberg (pic) and Sergio Trigo Paz, who run the emerging market fixed-income team at the world’s biggest fund manager. In the first six months of 2017, dollar debt of developing nations has returned almost 6%.
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