Bonds: Emerging markets offer more

Frankfurt Interest rates rise. Calculated in real terms, i.e. after deducting inflation of over eight percent, they are still deeply red. Where is there a little more? In addition to corporate bonds, interest-bearing securities from emerging countries in particular offer higher yields. Measured against the Bloomberg index for government bonds from emerging countries in local currency, they are just under five percent.

Peter Becker, fund manager and emerging market expert at Capital Group, names some long-term positive trends for the emerging markets. Compared to previous years, government debt is lower, current accounts are better and governments are less dependent on foreign investors, he said at an event hosted by the rating agency Scope. Many countries developed domestic capital markets and could therefore borrow in their own currency, which creates a certain stability.