Abbas Emeli-Renani, the global emerging market strategist at Amundi Asset Management, sees the GEM debt pick-up so far this year continuing but equally expects it to pause at some stage for a breather given the pace and extent of the rally.
When it does get going again, he can see positives for emerging markets where there are negatives for developed markets, politics being just one such example with governability looking stronger for emerging (think Brazil, Argentina, South Africa) than developed markets (think US, France and Germany).
