PCY: Not The Best Emerging Market Yield Strategy

Core Insights - Emerging market sovereign debt has gained traction over the past three years as investors seek higher yields in these markets [1] Group 1: Market Trends - There has been a notable increase in interest in emerging market sovereign debt due to the search for higher yields [1] Group 2: Risks - Significant risks associated with emerging markets remain, although specific risks are not detailed in the provided content [1]