Emerging market debt is more than sovereign debt

The emerging market debt asset class is worth around $26.3trillion overall and spans numerous mostly developing countries, thousands of issuers, and a wide range of sectors.

The asset class has significantly matured over the past two decades and is no longer a play on commodities; it is today a broader, more diversified, and genuinely stronger asset class, but one needs to distinguish two separate categories – sovereign debt and corporate debt.