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Going Deeper Into Emerging Market Bonds: (SMSVX)

FYI: Most EM debt funds stick with bonds issued by governments, often denominated in dollars. The Hartford Schroders Emerging Markets Multi-Sector Bond fund looks at local-currency corporate debt.
Regards,
Ted
http://www.cetusnews.com/business/Going-Deeper-Into-Emerging-Market-Bonds.rkrN-low3G.html

M* Snapshot SMSVX:
http://www.morningstar.com/funds/XNAS/SMSVX/quote.html

Lipper Snapshot SMSVX:
https://www.marketwatch.com/investing/fund/smsvx

SMSVX Is Unranked In The (EMB) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/emerging-markets-bond/hartford-schroders-emmkts-mlt-sect-bd-fd/smsvx

Comments

  • Local currency has had a tail wind as the dollar has fallen but this may change. This fund is well diversified with 28% dollar denominated debt, although the duration of 6.3 years may be a drag as interest rates rise. A better alternative for a small slice of your fixed emerging market exposure is AGEPX Frontier markets but lower duration and somewhat lower volatility
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