PineBridge exec dismisses EM debt worries

Some Middle Eastern institutions tend to be cautious about allocating outside their home region, but emerging market debt is becoming too big an asset class for them to ignore, says Steve Cook, managing director of EM fixed income at PineBridge Investments. That's particularly the case as falling yields in local bond markets in Middle Eastern countries are leading domestic investors to look elsewhere for higher-yielding assets, he notes. This is despite concerns in some quarters…