Chamois16

Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund

There are other CEF holding EM debt in local currencies (eg AWF), so EDD is not the only choice. EDD suffered from the downgrade by its own parent (Morgan Stanley), who may be right about the strength, or lack thereof, of EM currencies.

Nevertheless, in a well diversified portfolio, these CEF may have a place. EDD is probably as good as most and is particularly attractive at current discount and distribution rate. JMO