In episode 117, Alex Proimos speaks with Paul McNamara, investment director at GAM. This episode discusses the comparative risk between emerging markets and developed markets, particularly when the United States is experiencing an uptick in inflation and a stronger dollar. We talk about the impact of Europe and China on emerging markets. We compare the asset classes of emerging market debt to high yield debt in the developed markets. Finally, we discuss hedging and ESG on emerging market debt portfolios.