Distressed debt offers good growth potential
Sovereign distressed debt is drawing interest from investors, with attractive gross returns on offer despite a volatile market
Distressed sovereign debt is one of the more attractive areas for investment at the moment, although the corporate market continues to offer opportunities.
Bernt Tallaksen, fund manager of Thames River Hillside Apex and High Income portfolios, says he favours distressed sovereigns at the moment, noting countries such as Serbia offer good growth potential. The market there is volatile but the economy is getting better and, Tallaksen believes, will turn around. GDP per head is low and restructuring
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