What Investors Need to Know About Emerging Market Debt with VanEck's Eric Fine
Excess Returns
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The Importance of Local Currency
A lot of EM curves are pricing cuts already. And they're ending up being carry trades, one step away from being the FX is weakening because nobody likes chocolate anymore and they all want strawberry. The big concern we have in local currency is China. A lot of high risk countries have outperformed the real; that's a really risky moment. I think it'll be a bigger play, play a bigger role in the future is sub-Saharan Africa.
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