The Case For Local Currency And Active Management In A Softening Dollar Environment
2026-03-03 12:12:00 ET
By Christopher Gannatti, CFA and Jonathan Flynn
For over a decade, the narrative surrounding emerging market ((EM)) debt has been dominated by a single, overpowering force: the United States Dollar. As the greenback surged from the mid-2010s through the early 2020s, investors seeking yield in emerging markets largely sought shelter in "hard currency" debt - bonds issued by emerging nations but denominated in U.S. dollars....
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The Case For Local Currency And Active Management In A Softening Dollar EnvironmentNASDAQ: EMLC
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