Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
BlackRock Fund Manager Sees This As The Market’s ‘Sweet Spot’: (IEML)
It does not say anything about currency risk. IEML invests in local currency and does not use currency hedging. Its good results during last months are due to declining dollar. What happens if dollar goes up is a big question, making unhedged EM bonds very risky.
Comments