Schroders Buys Russia, Brazil Debt as Emerging-Market Run Fades

Updated on
  • Local drivers put countries on different track, Barrineau says
  • Rally in broader market evaporates on Fed rate outlook

As the growing prospects for higher U.S. interest rates make investors increasingly anxious about investing in emerging-market debt, Schroders money manager Jim Barrineau sees two countries standing out from the pack: Russia and Brazil.

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