Global bonds that comply with Shariah law gained 2.1 percent, double the return in June and the most since a 4.1 percent advance in March, according to the HSBC/NASDAQ Dubai US Dollar Sukuk Index. JPMorgan Chase & Co.âs EMBI Global Diversified Index, which tracks debt from 46 emerging-market countries, climbed 3.9 percent.
Global emerging-market bonds received more than $1 billion in the week ended July 28, Cambridge, Massachusetts-based EPFR Global said in a statement. Developing-nation economies will expand 6.8 percent as a group this year, more than double the 2.6 percent pace for advanced countries, according to estimates from the Washington based International Monetary Fund.
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