For EM investors, China’s renewed confidence in its technological and industrial base — set against the backdrop of a slowly recovering domestic macroeconomic cycle — offers a compelling diversification opportunity, particularly as the narrative of U.S. exceptionalism continues to come under pressure.
Video: Assessing Credit Markets in a Low-Spread Environment
Senior Portfolio Manager Matt Day discusses how historically low credit spreads are limiting compensation for added risk, while high-quality fixed income yields remain elevated relative to the past 15 years.
