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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