By Hibah Yousuf
NEW YORK (CNNMoney) -- As they cope with the market's twists and turns, investors are finding comfort in a new kind of security blanket: emerging market bonds.
Typically, investors shun these riskier investments during times of uncertainty in favor of "safer" assets like gold and U.S. Treasuries. But that has started to change.
During the weeks of heightened market volatility in early August, bonds issued in local currencies of emerging markets were the only "risky" asset class to attract investors, according to data from EPFR Global and the Royal Bank of Scotland.
