Global investors continue to buy emerging market bonds despite sell-off
They are betting that the retreat will be short-lived as economic forecasts for developing nations improve
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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.
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