WisdomTree Emerging Market Local Debt Fund
As the emerging market local debt assets (EBND) (ELD) continue to evolve and expand, investors are increasingly looking for opportunities in the space to enhance returns.
With the addition of three new countries to the JPMorgan GBI-EM Global Diversified Index earlier this year, the EM local debt (FEMB) market continued its growth in 2017.
During the past two decades, EM (emerging markets) local debt has evolved to become the largest and most liquid debt market within the emerging market bond space.
Government bond yields in China are higher than its Asian counterparts such as South Korea and Singapore and much higher than major developed markets.
With the onset of reforms, foreign holdings in China’s onshore bond (EMB) (PCY) market is gradually increasing.
In the third and final phase of bond (EMB) reforms that began after 2015, the substantial activities of the market were open to global investors.
China’s onshore bond market (EMB), consisting of locally denominated and issued bonds, is larger than the offshore bond market.
Emerging markets’ nonfinancial corporate debt breached the $26 trillion mark in the first half of 2016.
The Association of Southeast Asian Nations (or ASEAN) is a political and economic organization of ten countries located in Southeast Asia. If ASEAN were a single entity, it would rank as the eighth largest economy in the world.