EM Debt Offers Structural Risk Premium

Valentina Chen, Co-Head of Emerging Market Debt at MacKay Shields joins the Virtual Panel to discuss her thoughts on why EM is attractive.

Strength of Fundamentals

In Part 2 of the Virtual Panel, Valentina Chen discusses Net Leverage Ratio and how EM stacks up with the rest of the developed markets.

Emerging vs. Developed Market Growth Differential

In Part 3, Valentina Chen gives her views on the importance of Growth Differentials in the asset class verses developed markets.

Has inflation been successfully contained within Emerging Markets? 

Finally, Valentina Chen reviews inflation and the rate hikes throughout Emerging Markets. 

Important disclosures:

Availability of this document and products and services provided by MacKay Shields LLC may be limited by applicable laws and regulations in certain jurisdictions and this document is provided only for persons to whom this document and the products and services of MacKay Shields LLC may otherwise lawfully be issued or made available. None of the products and services provided by MacKay Shields LLC are offered to any person in any jurisdiction where such offering would be contrary to local law or regulation. This document is provided for information purposes only. It does not constitute investment advice and should not be construed as an offer to buy securities. The contents of this document have not been reviewed by any regulatory authority in any jurisdiction.

This material contains the opinions of certain professionals at MacKay Shields and are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and opinions contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Any forward-looking statements speak only as of the date they are made and MacKay Shields assumes no duty and does not undertake to update forward-looking statements. Past performance is not indicative of future results. No part of this document may be reproduced in any form, or referred to in any other publication, without express written permission of MacKay Shields LLC. ©2023, MacKay Shields LLC. All Rights Reserved.

Information contained herein has been obtained from sources believed to be reliable, but not guaranteed by MacKay Shields.

Note to European Investors: This document is intended for the use of professional and qualifying investors (as defined in the Alternative Investment Fund Manager’s Directive) only. Where applicable, this document has been issued by MacKay Shields Europe Investment Management Limited, Hamilton House, 28 Fitzwilliam Place, Dublin 2 Ireland, which is authorized and regulated by the Central Bank of Ireland.

MacKay Shields LLC is an affiliate of New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.


By subscribing you are consenting to receive personalized online advertisements from New York Life Investments.