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Posted by
Two Blokes Apr 28 -
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Stock
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The Western Asset Emerging Markets Debt Fund Inc offers a high yield of 11.55%, outperforming most domestic junk bond funds, but faces risks from U.S. trade policies. The EMD closed-end fund's heavy allocation to U.S. dollar-denominated debt exposes it to risks if emerging markets struggle to obtain U.S. dollars due to reduced trade surpluses. Despite a high yield, the fund's performance is hindered by its U.S. dollar exposure, making funds with more local currency bonds potentially more attractive.
