Media coverage

Jetro Siekkinen provides outlook on emerging market debt in Portfolio Adviser

16 October 2024

Portfolio Adviser published an article on how to maintain income from bonds in a rate cutting world. It includes comments by Jetro Siekkinen, Partner at LGT Capital Partners, who explains why he believes emerging market debt can deliver positive returns in the quarters and years ahead.

Jetro highlights that the return drivers and risk characteristics of the sub-asset classes of emerging market debt are very different. External debt and local currency debt have historically been the most dependent on global return drivers. At the same time, frontier market local currency debt returns have largely been driven by idiosyncratic and country-specific factors not been correlated with global drivers.

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