Over the past few months, the saga of Evergrande and the creeping contagion in the broader Chinese property market has been the primary focus in the Emerging Market Corporates. With Chinese High Yield down some 30% or so year-to-date and a number of defaults, the spotlight continues to shine brightly on the property sector.
However, it is important to keep in mind that China represents only 25% of the Emerging Market Corporate universe and less than 15% in High Yield.
In today’s podcast, Todd Schubert, Head of Fixed Income Research at Bank of Singapore, explores opportunities beyond China and some of the key themes investors should pay attention to in the near future.
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