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Pictet AM sees red flags for EM corporate credit

Joe Marsh
The firm points to investor interest in EM debt overall, with a preference for hard over local currency, but is cautious on corporate credit.
Pictet AM sees red flags for EM corporate credit

Emerging-market fixed income is growing in appeal as an asset class, but investors are wary of higher volatility in EM corporate credit and local-currency bonds, says Pictet Asset Management.

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