William Blair Investment Management portfolio manager Daniel Wood published an article – “Should EM debt investors be afraid of the Fed hiking cycle?” – for London-based publication Portfolio Adviser, discussing how Fed rate hikes are impacting EM debt portfolios.
In his piece, Daniel highlights the impact of the Fed’s recent hikes, which drove the rate to a number not seen since 2020, as well as uncertainly about the war in Ukraine and aggressive COVID mitigation efforts in China, and how it is particularly significant for EM debt.