M&G (Lux) Emerging Markets Hard Currency Bond Fund: Global diversity in EM hard currency debt
Sentiment towards emerging markets fixed income was
generally favourable in the year-to-date period, despite
ongoing themes that warranted some caution in the outlook.
Slower economic growth and the US/China trade dispute
remained concerns, although renewed economic stimulus
policies from key central banks encouraged investors’ risk
appetite, including for EM bonds. This was notably the case
with the US Federal Reserve (Fed) as its stance on monetary
policy turned dovish.