Emerging markets are back in positive territory after a sour start to the year, as investors bet that central banks will support the global economy for an extended period.
The MSCI Emerging Markets index, dominated by stocks in China, South Korea and Taiwan, is up 4.6 cent this year. Demand for government bonds issued by developing economies has pushed up prices and pulled the yield on JPMorgan’s dollar-denominated index down to a six-month low of 5.89 per cent.
“There is some confidence that global growth is not going into a black hole,” said James Barrineau, co-head of emerging market debt at Schroders.
您已阅读21%（610字），剩余79%（2274字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。