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Emerging Markets Debt

Emerging Markets Debt

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Team Introduction

Global Fixed Income Introduction Video

Key Stats

Strategy Profile
Inception Date
January 1, 2012
Strategy AUM ($M)
$ 154.2
Avg. Quality1
BBB
Current Yield (%)
6.16

Strategy Overview

The Emerging Markets Debt strategy seeks global bond investments offering the best combination, in our view, of high real yield and attractive fundamentals given our macroeconomic outlook. This value-based strategy maintains a primary focus on emerging markets sovereign debt with a goal of unlocking the potential benefits of mean-reversion tendencies in interest rates and currency valuations. To avoid the inefficiencies of broad emerging markets bond benchmarks, the team takes a benchmark-agnostic approach that limits investment to only the 10-15 countries and currencies considered most attractive. For over two decades, the Global Fixed Income team has achieved its risk-adjusted returns by implementing a process of country rotation through the broad global fixed income universe. The strategy may also invest, to a limited degree, in emerging markets corporate debt when value is overstated relative to history.