<p>It has been a tough start to 2022 for emerging market debt, but what does the future have in store for the months and years ahead?

<p>It has been a tough decade for value investors with a number of false dawns, but are things now about to change in a world where inflation and interest rates are higher, and quantitative easing seems to be coming to an end. Is all of that deferred gratification going to be rewarded?