Global investors continue to buy emerging market bonds despite sell-off

London

TUMBLING bond prices are doing little to dull the clamour for emerging market bonds among global investors.

Amundi Asset Management and Carmignac Gestion, together overseeing US$32 billion in funds with remits to invest anywhere in the world, have been adding developing nation notes to their portfolios since the sell-off started on Sept 8. AllianceBernstein LP, which has increased allocations to 12 per cent from 7 per cent in its US$5.7 billion fund since March, is keen to buy more if prices fall further from six-week lows.