M&G's Calich adds to 'appealing' Chinese corporate bond exposure

In addition, country-specific economic challenges escalated in Turkey and Argentina, while political uncertainty returned in Brazil. Against such a backdrop, markets were right to re-price EM risk. In turn, EM bonds have declined year-to-date, giving back some of the solid performance they recorded in 2017. But after the recent heightened volatility, the asset class rallied in September. During the month, indices for local and hard currency sovereign debt, as well as hard currency corporate bonds, delivered positive returns - albeit with some notable dispersion within them.  Can va...