
The Golden Risk: Why Emerging Markets Uncollateralized Lending May Be Your Portfolio's Missing Piece
In the pristine, well-ordered world of traditional finance, the notion of lending money without collateral to businesses in emerging markets might sound like financial seppuku. Yet here we are in 2025, with an entire ecosystem built around this seemingly contradictory concept – and the yields are mouth-wateringly high. The Collateral Conundrum