FMP
Western Asset Emerging Markets Debt Fund Inc.
EMD
NYSE
Western Asset Emerging Markets Debt Fund Inc. is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe. It seeks to invest in fixed income securities issued by governments, government-related entities, and corporations which are of any maturity and quality. The fund employs fundamental analysis along with a top-down security picking approach focusing on factors like currency, inflation and interest rate trends, growth rate forecasts, liquidity of markets for that country's debt, political outlook, tax environment to create its portfolio. It benchmarks the performance of its portfolio against the JPMorgan Emerging Markets Bond Index Global. The fund was formerly known as Salomon Brothers Emerging Markets Debt Fund Inc. Western Asset Emerging Markets Debt Fund Inc. was formed on December 1, 2003 and is domiciled in the United States.
9.8 USD
0.08 (0.816%)
Seeking Alpha
Jun 5, 2024
Western Asset Emerging Markets Debt Fund Inc offers a high yield of 10.75%, which is lower than many peers in the emerging markets debt sector. The fund has outperformed both the emerging markets bond index and domestic investment-grade bonds over the past six months. The fund's primary investment objective is to provide a high level of current income by investing in fixed-income securities issued by governments and corporations in emerging markets.
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Seeking Alpha
Jan 14, 2024
EMD offers a strong 11.0% distribution yield and a 12.5% discount to NAV, making it an attractive investment. EMD's distribution coverage ratio has improved, and the fund has outperformed relevant bond indexes since mid-2022. While EMD is a buy, it is still considered a relatively risky fund due to factors such as credit risk and leverage.
Seeking Alpha
Dec 6, 2023
Western Asset Emerging Markets Debt Fund Inc offers income-focused investors the opportunity to diversify their portfolios with high-yielding emerging market sovereign debt. The EMD closed-end fund has outperformed other bond ETFs and indices year-to-date, delivering an 8.46% total return. The EMD fund invests in a mix of sovereign and quasi-sovereign bonds, with a focus on investment-grade securities and a reasonable level of leverage.
Seeking Alpha
Aug 4, 2023
Western Asset Emerging Markets Debt Fund Inc primarily invests in debt instruments issued by emerging market economies, focusing on both sovereign and corporate debt. The fund offers a high distribution yield of 7 to 11 percent, employs leverage to enhance returns, and has well-diversified holdings across different emerging economies, sectors, and credit ratings. The fund's historical performance has been mixed, and investing carries risks such as rate and spread risk, investment grade risk, and...
Seeking Alpha
Feb 11, 2023
EMD is an emerging markets debt closed-end fund. The vehicle has rallied substantially since the October lows, now being up over +30%.
Seeking Alpha
Jan 9, 2023
Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.
Seeking Alpha
Dec 11, 2022
Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.
Seeking Alpha
Dec 5, 2022
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.
Seeking Alpha
Aug 31, 2022
In emerging markets valuations look attractive today after the losses across financial markets early this year. PIMCO's investment process is founded upon our macroeconomic outlook and our in-house country and credit research.