高盛：全球市场分析师_二十年新兴市场固定收益投资的经验教训

11 October 2024 | 1:33PM BST Global Markets Analyst Lessons From Two Decades of EM Fixed Income Investing n The growth in EM local debt in the aftermath of the EM BoP crises in the late 1990s and early 2000s led to a significant increase in EM local debt issuance and the creation of a new sovereign asset class alongside EM hard currency sovereign bonds. Two decades on, we draw four broad lessons for investors. n A more mature asset class, with less outperformance but more resilience. Growing up is not all i ...