Post by Aviva Investors

Emerging markets have increasingly forged for themselves a path less dependent on external conditions, making local currency debt one of the most mispriced narratives in global markets. Read the newsletter to understand:   💡Why the narrative of emerging markets (EM) as a high-beta proxy to global flows is outdated, as sound macro policies have reduced EM vulnerabilities to external conditions   💡How inflows into the asset class can create a virtuous circle amplified by improved fundamentals   💡How the rise of a robust domestic investor base is an underappreciated structural shift in EM local-currency fixed income   Learn more in this month's Bond Voyage below 👇.