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INVESTMENT OUTLOOK

Emerging markets attractive with valuations down: Oaktree's Marks

Famed debt investor says there is a bond bubble, but high yield is not expensive relative to other bonds

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Mr Marks says he is tilted towards a defensive strategy in the US and Europe.

Singapore

EMERGING markets are attractive because valuations have corrected while the long term outlook is bright, said famed debt investor Howard Marks.

"They're not the meat of what we do (but) I think they are attractive," Mr Marks, co-founder and co-chairman of alternative