Investors hunt EM havens

The great emerging markets bull run has hit a stumbling block. Many investors will take talk of a slowdown in global growth as a signal to flood into government bond markets, hoping to front run a scramble for quality and secure some capital appreciation. But for those who still have ambitions to secure higher yields than are available in developed markets — or those with an EM specific mandate — the hunt is on for credits that will outperform the rest of the EM asset class.