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Fed’s Rate Hike Unearths Bounty in Pockets of Emerging World

  • Corporate EM bonds look more resilient than US high-yield debt
  • Developing equities trading at relative high to US stocks
Shoppers buy produce at an outdoor market in the Tijuca neighborhood of Rio de Janeiro, Brazil.

Shoppers buy produce at an outdoor market in the Tijuca neighborhood of Rio de Janeiro, Brazil.

Photographer: Maria Magdalena Arrellaga/Bloomberg
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Pockets of outperformance are starting to pop up in emerging markets even as the Federal Reserve’s most aggressive rate hike in two decades roils assets around the world.