What are the biggest misconceptions investors have about fixed income investing in the current climate?

Partner insight John Morton, portfolio manager, Lord Abbett We have noted a concern that expected increases in US interest rates represent significant risk to emerging market debt. Our working assumption is that both the US economy and the world economy (including emerging markets) can handle a gradual Fed rate hike.  For emerging markets (EMs), this reflects a 'pre-adjustment' through a reduction in external imbalances and an acceleration in the pace of structural reforms in their economies in recent years.   We are optimistic that emerging economies have the ability to co...