invesco-fund-manager-bullish-on-emerging-market-bonds

Invesco fund manager bullish on emerging market bonds

Invesco emerging-market/high-yield bond specialist urges investors to look beyond tight spreads.
Andrew Miller, New York-based product manager at Invesco, is touring Asia to discuss why emerging-market debt and high yield should be attractive to institutional investors, despite tight spreads.

WhatÆs next after the spring market volatility
Andrew Miller Assets from Asia continue to flow into high yield and emerging-market debt. The talk 18-24 months ago was about spreads being tight. But at the time we argued the fundamentals were sound and the spread levels were justified. By the end of 2005, spreads were really tight, and we thought the first half of this year would see some weakness, just as we had May volatility in 2004 and 2005. We thought it might come in the form...
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