MSD: Best To Avoid For Now And To Reconsider An Entry Point Next Year

Morgan Stanley Emerging Markets Debt Fund has rallied since 2022, driven by rising rates, macro improvements, and a weaker US dollar. MSD offers high-yield and diversified exposure to sovereign, corporate, and quasi-sovereign debt across less-tracked emerging markets. The fund maintains a stable distribution history, but recent trends show declining yields and rising risks in emerging markets.