GMO continues to have confidence in its once-in-a-generation recommendation on emerging market local debt, saying the trade and economic policies of US President Donald Trump\u2019s administration make the bet even more attractive.<\/p>\n
The firm first made the call<\/a> in January 2024. Since then, the index<\/a> tracking EM local currency government debt returns has risen more than 10%, outperforming the roughly 5% gain in investment-grade debt<\/a> over the same period. However, the performance still lags behind the S&P 500<\/a>, which has advanced 27%, and MSCI\u2019s all-country stock index, up 25%. <\/p>\n","protected":false},"excerpt":{"rendered":"GMO continues to have confidence in its once-in-a-generation recommendation on emerging market local debt, saying the trade and…\n","protected":false},"author":2,"featured_media":14036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[5849,28,937,3055,102,101,2420,9007,112,1343,117,13509,107],"class_list":["post-14035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-budget-deficit","tag-business","tag-currency","tag-debt","tag-donald-john-trump","tag-economy","tag-government","tag-interest-rates","tag-markets","tag-policy","tag-sp-500-index","tag-stock-index","tag-us-dollar-spot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/14035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=14035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/14035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/14036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=14035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=14035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=14035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}