As local government pension funds in the UK review their strategic asset allocations and explore options for generating yield, emerging market debt (EMD) has become an area of increasing interest. 

In a recent publication from Amundi and LGPS Central1, Serena Galestian and Priyank Shah outline factors that may support the case for EMD as part of a fixed income allocation. 

These include exposure to higher growth regions, relatively attractive yields, potential diversification benefits, and ongoing developments in ESG standards.

1. LGPS Central manages the collective assets of 8 UK local government Partner Funds on behalf of over one million LGPS members