BAML recognises unstoppable globalisation of credit market in landmark decision

Hermes Credit has welcomed the decision from Bank of America Merrill Lynch to retain emerging market issuers in BAML’s benchmark Global High Yield Index. Fraser Lundie and Mitch Reznick, co-heads of Hermes Credit, believe emerging markets play a fundamental role in global high yield investing and keeping this area of the asset class in the benchmark is beneficial for both investors and the corporate issuers.

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