Western Asset Emerging Markets Debt Fund Inc. (EMD)
Western Asset Emerging Markets Debt Fund Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $10.49, up 0.00% on the session, giving a market capitalisation of $609.8M. On trailing twelve-month figures it carries a trailing P/E of 6.03, a net margin of 149.7%. Its beta of 0.83 implies it has historically moved less than the broad market.
Operated by Legg Mason Partners Fund Advisor, LLC, the Western Asset Emerging Markets Debt Fund Inc. is an open-end mutual fund dedicated to fixed-income investments. Additional management support is provided by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund's primary objective is to invest in debt instruments from emerging market countries across the globe, including fixed income securities issued by governments, government-related entities, and corporate entities, irrespective of their maturity or credit quality. Its portfolio construction relies on a combination of fundamental analysis and a top-down selection methodology. This process considers a range of factors such as currency movements, inflation and interest rate trends, economic growth forecasts, the liquidity of a nation's debt markets, its political landscape, and tax policies. The fund benchmarks its performance against the JPMorgan Emerging Markets Bond Index Global. Established in the United States on December 1, 2003, it was previously known as Salomon Brothers Emerging Markets Debt Fund Inc.
Western Asset Emerging Markets Debt Fund Inc. is most often compared with the following Financial Services names: