2021 EMD Market Outlook

A year of global shocks has highlighted significant real yield differential between emerging markets (EM) and developed markets debt. Monetary and fiscal policies remain accommodative and will likely continue to be so in the coming months and years, in our view. The demand for yield, combined with EM fundamentals, we believe, will continue to be important drivers of inflows into the asset class. In our webcast, Co-CIO and Head of Emerging Markets, James Craige, breaks down the key factors that serve as the basis for our 2021 EMD outlook, including improved growth prospects, continuing policy support, and compelling valuations.