July 18, 2025
De Bandra-Worli zeebrug in Mumbai. Foto: Yogendra Singh via Pixabay.
Local emerging-markets debt strategies took a beating in the last quarter of 2024 but recovered spectacularly in dollar terms in the first half of 2025 with the widely-used JPM GBI-EM Global Diversified index recording a return of 13 percent for the six-month period.
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