US demand emerges for EM corporate bonds

Global investor appetite for emerging market corporate bonds is on the rise, notably among US pensions – a positive for an asset class traditionally seen as too illiquid by retirement funds, says Aberdeen Asset Management. A case in point: the UK firm recently met with a US pension fund aiming to secure a $250–300 million mandate for its emerging market corporate bond strategy. While European institutions have been investing in these strategies for some time, this is the first t…