Emerging-market debt volumes hit record high

Credit Suisse has launched a corporate-bond index for emerging-market hot spots as the sector's debt volumes are at $320.9 billion, a record high. "Emerging markets have emerged as a distinct asset class," said Max Volkov of Merrill Lynch. "Investors are looking at the asset class as insulated from the volatility in the rest of the market although they are becoming more cautious."

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