The global bond market is in the midst of a giant step in its evolution from a market dominated by developed-country debt to a much more diverse market that better reflects today’s global economy. Evolution is a long process, but the sovereign-debt challenges in Europe suggest the bond market’s evolution is picking up speed. Accordingly, I think now is the time for investors to begin adapting their approach to capturing both the diversification benefits and return potential of the bond market.   The long evolution Economic globalisation should naturally lead [...]