The Enduring Power of Special Bonds will Overshadow AI Stocks Through 2024

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Emerging-market bonds are predicted to outperform AI stocks in 2024 after the first Fed rate cut. The weakening US dollar benefits emerging-market bonds as foreign countries and companies often borrow in US dollars but need to service the debt in their own currency. The Fed is expected to implement three rate cuts over the remainder of the year, further benefiting emerging-market bonds. Two closed-end funds (CEFs) recommended for investing in emerging-market bonds are Western Asset Emerging Markets Debt Fund (EMD) and AllianceBernstein Global High Income Fund (AWF). Both funds offer dividends of over 7.5% and hold significant discounts to net asset value. EMD holds a diversified portfolio of emerging-market debt, while AWF has a longer track record of success and invests in a variety of bonds. With the expected rate cuts and weakening US dollar, emerging-market bonds are poised to perform well. Investors can capitalize on this opportunity by diversifying their portfolios with high-yielding assets and carefully evaluating investment options.

#EmergingmarketBonds #AiStocks #FedRateCuts #Investing #ClosedendFunds

https://globeecho.com/the-enduring-power-of-special-bonds-will-overshadow-ai-stocks-through-2024/