Wealth and Asset Management
J. Stern & Co to launch Emerging Markets Debt fund investing in the bonds of high-quality emerging market companies
Key points: investing in corporate debt, not sovereign debt, and only in hard currency attractive entry point with a current yield of 8% and a yield to maturity of 11% unconstrained approach, with a focused portfolio consisting of 30-50 quality issuers perceived risks associated with emerging market debt are greater…
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