Western Asset Emerging Markets Debt Fund Inc. (EMD) Stock
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.
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About Western Asset Emerging Markets Debt Fund Inc.
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 headquartered in US.
Western Asset Emerging Markets Debt Fund Inc. (EMD) stock trades at $10.51 with a market capitalization of $610.95M. The stock is valued at a price-to-earnings (P/E) ratio of 6.04, price-to-book of 0.94, price-to-sales of 9.05. Over the past 52 weeks the stock has ranged between $9.60 and $11.30, and currently trades 7.0% below its 52-week high. It pays a dividend yielding 10.85%.
On profitability, Western Asset Emerging Markets Debt Fund Inc. generates a return on equity (ROE) of 15.86%, above the typical market average, return on capital employed of 11.41%, an operating margin of 147.40%, a net profit margin of 149.73%.
Official website: individualinvestor.myleggmason.com/portal/server.pt?open=512&objID=1415&mktcd=SBEM&cached=true&mode=2&userID=355661