As government bonds from major economies buckle, funds including those run by JPMorgan Asset Management and BlackRock have found an unlikely edge in emerging markets.
Government debt from the US to Japan has tumbled as energy-driven inflation and fiscal concerns revive the prospect of higher interest rates. Yet much of the developing world has escaped the worst of the selloff, helped by inflation that remains relatively contained, already-restrictive monetary policy and stronger fiscal positions in some countries.
