How Long to Read Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go

How Long Does it Take to Read Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go?

It takes the average reader and 12 minutes to read Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go by Fabio Cortes

Assuming a reading speed of 250 words per minute. Learn more

Description

Unconstrained multi-sector bond funds (MSBFs) can be a source of spillovers to emerging markets and potentially exert a sizable impact on cross-border flows. MSBFs have grown their investment in emerging markets in recent years and are highly concentrated—both in their positions and their decision-making. They typically also exhibit opportunistic behavior much more so than other investment funds. Theoretically, their size, multisector mandate, and unconstrained nature allows MSBFs to be a source of financial stability in periods of wide-spread market turmoil while others sell at fire-sale prices. However, this note, building on the analysis of Cortes and Sanfilippo (2020) and incorporating data around the COVID-19 crisis, finds that MSBFs could have contributed to increase market stress in selected emerging markets. When faced with large investor redemptions during the crisis, our sample of MSBFs chose to rebalance their portfolios in a concentrated manner, raising a large proportion of cash in a few specific local currency bond markets. This may have contributed to exacerbating the relative underperformance of these local currency bond markets to broader emerging market indices.

How long is Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go?

Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go by Fabio Cortes is 12 pages long, and a total of 3,024 words.

This makes it 4% the length of the average book. It also has 4% more words than the average book.

How Long Does it Take to Read Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 16 minutes to read Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go aloud.

What Reading Level is Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go?

Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go is suitable for students ages 6 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go?

Multi-Sector Bond Funds in Emerging Markets—Easy Come, Easy Go by Fabio Cortes is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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