It’s Hide-And-Seek for Emerging Markets Bond Investors

2018 was a forgettable year for emerging markets (EM) investors—equity or bonds—as negative reactions to U.S.-China trade war news flooded the capital markets, causing EM-focused funds to incur the wrath of negative gains from fears of a global economic slowdown. 2019 saw EM bounce back, but 2020 could pose a game of hide-and-go-seek when it comes to bond investors in EM.