Western Asset Emerging Markets Debt Fund Inc

Business Description

This fund focuses on bonds and other fixed-income investments in developing countries around the world, including debt issued by governments and companies of varying credit quality and maturity lengths. It is managed by Legg Mason Partners Fund Advisor LLC alongside several Western Asset Management entities, and measures its results against the JPMorgan Emerging Markets Bond Index Global. When selecting investments, the managers examine economic factors such as inflation, interest rates, currency trends, and the political climate of each country. Originally known as Salomon Brothers Emerging Markets Debt Fund Inc., the fund was established on December 1, 2003, and is based in the United States.