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Emerging Market Debt - What Are Your Thoughts?
Shorting the dollar over the last year has been the doomsday trade for any cross-asset class investor. It does feel to us now the dollar is peaking, that you are in an environment where we're coming to the end of Fed tightening. The central banks in the emerging markets have already raised rates more dramatically than the developed markets. If the dollar cools off, those markets are screaming by.
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