Emerging markets managers are trained to be both pessimists with a healthy dose of Pollyanna optimism. And even during the COVID pandemic, there are many wondering whether the credit boom is finally going to go bust.
Investors have been keeping watch on a wide range of opportunities in the credit space since the pandemic started as distressed funds collected billions following March’s market downturn. According to consultant Cambridge Associates, an extended downturn could generate significant opportunities given the combined $2.5 trillion in high-yield and loan markets.
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