Threadneedle: Can EM debt trade more tightly than the US?

Investors were too wrapped up in geopolitical risk in the first quarter and have lost sight of the impact of the 2008 credit crisis on the direction of financial markets, says UK asset manager Threadneedle. The firm’s vice-chairwoman and former global CIO Sarah Arkle paid a flying visit to Hong Kong yesterday and stressed that a hunt for long-term value must start with an appreciation of GDP growth trends. The world has been turned on its head in terms of national debt and d…