With dollar weakness complicating the investment case for U.S. fixed income assets, flows to U.S. Bond Funds were close to neutral going into March as investors pulled back from all the major groups except Emerging Markets
Hard Currency Bond Funds...
Not exact matches
There are currently no emerging - market fixed income products denominated in Canadian dollars; investors have to buy either American dollar securities (also called
hard dollar
bonds) or the local
currency option.
Among EM assets, we also like EM
bonds, particularly those denominated in
hard currency, for their balance between risk and return.
Finally, we prefer
hard -
currency EM
bonds — particularly high - yielding oil exporters such as Russia, Colombia and Kazakhstan — and short - duration local
currency bonds in some countries.
He invests in dollar - denominated (so - called «
hard currency») EM
bonds, which shields his investors from the effects of
currency fluctuations.
An emerging markets
bond fund that integrates sovereign
hard currency debt, local
currency debt, emerging market corporate debt, and emerging market
currency rates within an actively managed, strategic asset - allocation framework.
The ticker is ESD and it yields over 9 % on foreign government and corporate
bonds mostly denominated in USD and other
hard currencies.
As of January 2015, 80 % of the fund is invested directly in common stock; the remainder is invested in ADRs,
hard - and local -
currency convertibles, government
bonds and cash.
As we noted last night, BlackRock is bullish on
hard currency EM
bonds and generally bullish on emerging market debt in light of low - to - negative interest rates in developed markets.
Bitcoin does not pay any dividends like standard stocks and
bonds, so it's
hard to work out what this
currency is worth.