You are here


Fund managers get EM bonds warning

Alarm bells are sounding on the headlong rush into the fringes of emerging- market corporate bonds in search of higher yield.

GETTING RISKIER: The default rate for high-yield EM corporate bonds climbed above 4% in June for the first time since 2010.


INVESTORS scooping up the riskiest emerging-nation corporate bonds in an indiscriminate rush for yield are facing a growing clamour of warnings.

While a 12.4 per cent return this quarter on company debt rated eight levels below investment grade rewarded those who pushed into...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to