These managers usually focus on developing nations, but they have turned to U.S. Treasurys to preserve capital.
Investors may be taking on too much risk as they hunt for yield in emerging markets.
Demand for local-currency bond ETFs is rising as local-bond curves steepen.
Emerging markets are starting to recover after a horrific 2018, but risks loom large.
Currency problems exacerbate what appears to be a sustained decline in emerging market equities.
The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020.
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