“Despite the macro volatility, EM credit fundamentals have been resilient and supported by positive idiosyncratic developments in several countries,” writes Hyland.
Emerging market (EM) credit is showing strength and resilience amid global macroeconomic volatility, according to Warren Hyland, portfolio manager at Muzinich & Co.
In the asset manager’s latest EM Monthly published on Jul 9, Hyland notes that while the broader market has had to digest a change in expectations for US monetary policy, EM credit has held firm, buoyed by improving fundamentals, idiosyncratic drivers and supportive technicals.
