Emerging market bond funds face a balance sheet – The Wall Street Journal
Emerging market bond funds face a balance sheet as Covid-19 shines a spotlight on economies around the world, reminding investors that assets aimed at producing higher returns in the right times can take outsized losses when things go wrong.
The Ashmore SICAV Emerging Markets Short Duration fund lost around 17% in the 12 months leading up to the end of July, mainly due to bold bets on…