EM Debt Underperforms

EM Bond funds dropped 0.61% in the week ended March 6, according to Lipper. That was far worse than the 1.10% rise of International Income funds, and the 0.25% pickup seen by Global Income funds. So far this year, EM Bond funds are up only 0.43%, compared to a 5.81% gain for International Income and a 2.73% increase for Global Income.