Emerging Market Debt
GCC countries have not been on the radar of many international investors until now, but this is changing as their bonds join major indices.
Indonesia and China are the latest EM bonds to join or be slated to join the Global Agg. These changes may create new challenges for bond investors.
Investors in emerging market debt need to consider whether to buy hard currency or local currency bonds as they have different characteristics.
The views expressed in this material are the views of SSGA through the period ended 5 June 2018 and are subject to change based on market and other conditions.