T. Rowe Price is bullish on emerging markets bond funds. The company today announced that it launched the third in its suite of mutual funds focused on the debt of emerging economies. The new Emerging Markets Corporate Bond Fund invests in bonds issued by companies in more than 30 countries in Asia, Latin America, Europe, the Middle East and Africa.

“Given the enormous investment opportunity in emerging market debt, we think most U.S. investors are underexposed to the sector. But that will likely change in the coming years as emerging markets continue to evolve and constitute a larger slice of the investable bond universe,” Mike Conelius, the portfolio manager of the new fund, said in a statement.

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