Friday, May 5, 2017

One of Venezuela’s Biggest Investors Would Welcome Regime Change


One of the biggest holders of Venezuelan debt says the country -- and its investors -- would be better off with a new government. “Like most Venezuelans, we would welcome, and ultimately expect, a change in regime,” Mike Conelius, who manages the $6.5 billion T. Rowe Price Emerging Markets Bond Fund, wrote in an email. The fund had 6.6 percent of its assets in Venezuelan notes at the end of the first quarter, one of its biggest overweight positions and about double what the benchmark index calls for. More…

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