Weighing EM value versus credit risk in 2016

Emerging markets will offer relative value opportunities in 2016, but investors should also think about de-risking amid rising default risk as the credit cycle nears its end, an AsianInvestor forum heard. Penny Foley, group managing director for emerging markets at TCW, pointed to dollar-denominated EM debt as an area of continued interest next year, with upside potential for EM equities and currencies. Speaking at AsianInvestor’s seventh annual Southeast Asia Institutional Inve…