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Message| (85,225)    Barron's had an article about the
increasing popularity of emerging market debt. The article makes
it seem like interest in this space is new but I seem to recall
Bud Fox pitching the space early on in the first "Wall Street"
movie.  Included in the article was a quote from a money manager
who "recommends allocating as much as 35% of fixed income to the
category." A big part of the story here is of course that things
like Treasuries, money market funds and investment grade U.S.
corporates pay very little interest by historical standards. If
10 year U.S. Treasuries paid 6% there would be less interest in
emerging market debt -- that is not a commentary on fundamentals
so much as an opinion that people would be plenty satisfied with
that yield.  If you can accept that this is about yield then I
would submit there are plenty of places to get yield without
allocating 35% to an