The Structural Case for Emerging Market Credit

Podcast

May 7, 2026

We’re pleased to share the third and final episode in our three-part podcast series exploring the opportunity set across emerging market credit.

Joined once again by Warren Hyland, Head of Emerging Markets at Muzinich, we conclude the series by examining the structural foundations supporting EM credit - from favourable technicals and attractive spread dynamics to strong corporate fundamentals and diversification benefits.

Among the key insights:

  • Shrinking net issuance continues to create supportive technical tailwinds for EM credit
  • In our opinion, EM corporates often offer attractive spread compensation relative to leverage risk
  • Broad regional and investor diversification can enhance portfolio resilience
  • Strong underlying fundamentals continue to reinforce the long-term investment case for the asset class

Across this three-part series, we’ve explored why emerging market credit is back in focus, Asia’s central role in driving growth, and the structural forces that continue to support the asset class.

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FOR PROFESSIONAL/WHOLESALE CLIENTS & QUALIFIED/ACCREDITED/INSTITUTIONAL/PROFESSIONAL INVESTORS ONLY.

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Sources: Muzinich & Co. as of 1st May 2026

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