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Is the Ha Chee Wha Wha on in Caracas?

heezsafe
edited November 2014 in The Bullpen
For those who own EM bond funds that hold debt of "certain countries," you may have noticed a little extra beta recently. One of those countries is Venezuela. We may notice a little more? The OPEC decision is in their disfavor and comes at a rather precarious time:

http://www.bloomberg.com/news/2014-11-27/venezuela-burns-through-third-of-new-chinese-money-in-a-week.html

At last glance, FNMIX and PREMX were significant holders (the PMs always point to oil revenues as a reason why the VEZ sovereigns aren't as risky as their ratings suggest). Anyone know of other exposed funds?

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