Date with EM debt

By Helen AveryMay 2003 (Magazine)

Question: “Which asset class returned 15.1% during the last year, 11.3% per year for each of the last two years, and 13.2% per year for the 11 years from March 1992 until March 2003?” (Merrill Lynch). Answer: Non-G7 sovereign debt. Sound appealing? Possibly. Now if we said those returns were ...