Non siete i soli a cercare rendimenti negli EM
Investors are piling into emerging market bond funds at the highest pace on record as pension funds, sovereign wealth funds and other big institutions follow the specialists into riskier asset classes in search of yield.
“This is capitulation,” says Sergio Trigo Paz, head of EM fixed income portfolio management at BlackRock, the world’s largest fund manager. “The big, big investors are starting to move.”
His claim is supported by the data. EPFR, a widely followed tracker of mutual funds, has just reported two record weeks of flows to EM bond funds.