Analyst gives his picks for favorite emerging market bonds

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Emerging market bonds could perform well going forward, and an analyst from Aberdeen Standard Investments picked three countries he likes — and one he doesn't.

Emerging market bonds could perform especially well in a low-rate environment, and an analyst from Aberdeen Standard Investments picked three countries he likes — and one he doesn't.

Central banks, especially in emerging markets, have been in easing mode, taking their cue from a dovish Fed. Federal Reserve ChairBond prices rise when interest rates fall because investors will seek higher yield in the form of previously issued bonds — which had higher interest rates. Additionally, emerging market fixed income generally offer higher returns than that of developed markets.

"Slower growth means lower interest rates in the developed markets," he said. While growth in emerging markets is decent,"In the context of what hopefully will be some sort of a resolution between the U.S. and China, that's a pretty good backdrop for emerging market fixed income," Diment told CNBC's "

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