What Investors Need to Know About Emerging Market Debt with VanEck's Eric Fine
Excess Returns
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The Importance of Concentration in Countries
EMBON is the world's first emerging market blend fund. It invests in all of the things that you just talked about, right? Some EMBON funds just invest in one of those three things we invest in all of them. We had a lot of local for most of this year, and we've reduced it significantly. So we're at about, you know, maybe 50% a little less than 50% in EM local currencies Right now, most of its in dollars. And we have about 10% in corporates. A bit worried right now, it's hard for us to find value in corporates right now. I'm always worried about illiquidity risk there.
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