Spreads on emerging market sovereign debt rose modestly over the past three months, to an average of around 310 basis points over US Treasuries (Graph 18). (rba.gov.au)
The iShares Latin America exchange - traded fund (ILF) was down 1.9 % in recent trading, while the iShares MSCI Emerging Markets ETF (EEM) was down 1.6 %, while the iShares JPMorgan USD Emerging Markets Bond ETF (EMB), the Market Vectors Emerging Markets High Yield Bond ETF (HYEM) and the PowerShares Emerging Markets Sovereign Debt ETF (PCY) were flat. (barrons.com)
The sovereign debt exposure that makes sense is emerging market debt, hedged via PowerShares Emerging Markets Sovereign Debt Portfolio ETF (PCY) and unhedged via WisdomTree Asia Local Debt ETF (ALD). (etfexpert.com)