Monday, April 30, 2007

Morgan Stanley sets emerging mkt domestic debt fund

(Reuters) - "The growth of local currency emerging market domestic debt represents the next phase of development for emerging markets economies and offers a diversification option for U.S.- based investors," Abigail McKenna, managing director and a portfolio manager for the Fund, said in a statement.

"The Emerging Markets Domestic Debt Fund provides exposure to improving emerging market fundamentals through investments in a regionally diversified group of sovereign government bonds denominated in a diversified basket of emerging market currencies."


Read more at Reuters.com Bonds News

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