PIMCO’s emerging market reoprt.
“Is now the right time to buy?” This is the question that is – and should be – on the minds of investors after the sharp movements in the financial market began in May.
Virtually no sector of the global fixed income market was immune, and emerging markets (EM) was no exception experiencing one of its worst periods of performance in the past decade.
In the three months ending in July, local currency-dominated EM sovereign bonds fell 10.6%, U.S. dollar-dominated EM sovereign bonds declined 7.8%, and U.S. dollar-dominated EM corporate bonds dropped 5.8%. EM equities also fared poorly, falling 7.8%.
Click here to read PIMCO’s full report.
