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Manager Comment December 2017 – EM Bond Fund

The Federal Reserve (Fed) raised its target rate by 0.25% to 1.5% in December, in a decision taken with a majority of 7-2. The median “dot plot” showed an unchanged expectation for three further rate hikes in 2018. Two-year treasury yields continued to climb, by 10...

It’s 18 Years Since Emerging Market Currencies Had It This Good

It’s 18 Years Since Emerging Market Currencies Had It This Good – Bloomberg March 30, 2016  Bloomberg: “It’s been at least 18 years since emerging-market currencies had it this good as the Federal Reserve adopted a gradual approach to its...
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