No Harm Seen in Russia-Turkey-Venezuela Debt: Chart of the Day - Bloomberg:
"Unprecedented flows into emerging-market bonds signal renewed confidence there’s money to be made lending to the most politically volatile countries.
The CHART OF THE DAY shows a record $487 million poured into the world’s largest exchange-traded fund focused on notes from developing nations last week. Debt from Russia, Turkey, Hungary and Venezuela make up 19 percent of the $4.2 billion iShares ETF, according to data compiled by Bloomberg.
After outflows of $1.7 billion over the past year, investors are brushing aside sanctions imposed against Russia after its takeover of Crimea, accusations of graft against Turkish Prime Minister Recep Tayyip Erdogan’s administration and anti-government protests in Venezuela. Hungary Prime Minister Viktor Orban, whose centralization of power has triggered confrontations with the European Union over the past four years, won another term in yesterday’s elections, partial results show."
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