Outlook Positive But Selective
“Investors have been hunting for yield in global credit and EM debt markets due to ongoing central bank QE and negative rates in much of the developed world,” BlackRock said in its most recent global outlook.
Making a case for “selective” bond investing, the giant asset manager added: “We like selected EM debt. Global growth favors the asset class, even if the Fed is raising rates. We see further capital gains as limited after a big run-up, and focus on income as the main source of returns.”
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