Mar 28, 2018
Thomson Reuters Lipper data reveals robust flows into Emerging Market (EM) debt funds. In 2017, the asset class saw some U$50 billion of net inflows with total AUM increasing in hard currency funds by 46% since 2013.
In this podcast, Penelope Foley, fund manager of the TCW Emerging Markets Income Fund & the TCW Emerging Markets Local Currency Income Fund explains why she sees a reasonably sanguine outlook for the asset class in 2018.
She discusses what is attracting investors to EM debt, the durability of supportive structural changes in EM markets, yield expectations and the potential consequences to this asset class by central bank tightening.
About Ms. Foley
Ms. Foley is a Portfolio Manager for the TCW Emerging Markets and International Equities Groups. Prior to joining TCW in 1990, Ms. Foley was a Senior Vice President of Drexel Burnham Lambert where she was involved in the management of DBL Americas Development Association, L.P. and in the provision of investment and merchant banking services in Latin America.
Before Drexel, she was a Vice President in Citicorp’s Investment Bank and was responsible for Eurosecurities, project finance and private placements in Latin America and Canada. Previously, she was an Associate in the Corporate Finance Department at Lehman Brothers. Ms. Foley attended Northwestern University and holds a BA from Hollins College.