Funds fear carnage but EM bankers say Sept will still be busy

EM investors have had a gut wrenching week as a barrage of bad news — some within the emerging markets and some external to them — chipped away or in some cases annihilated their year’s returns so far. But though some fund managers said that they now fear a further widespread sell-off in EM assets similar to the second half of 2018, syndicate bankers said that there is a queue of issuers ready, waiting and expecting to be able to tap the international bond markets imminently.