Emerging-market debt not fairly valued, says Pictet

May 13, 2010

And even European high-yield credit is looking appealing at today's prices, argues senior product manager Alexandre Ris.

Emerging-market debt not fairly valued, says Pictet

Financial markets responded positively this week to Spain's newly announced tough austerity measures and the resolution of the UK's uncertainty over its future government. However, concerns remain over potentially poor future growth in the eurozone and its likely effect on developing countries such as those in Asia.

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