Emerging Markets Blend
Combining the best of emerging market sovereign and corporate debt in both local and hard currencies. A solution for investors who desire to outsource their emerging market debt allocation.
The emerging market bond asset class tends to be driven by short-term news flow, which often takes precedence over fundamentals, resulting in irrational investor behavior. This creates mispricing scenarios which can be exploited by active investors who are able to take a contrarian view when markets behave whimsically.
At the heart of our investment philosophy we want to generate returns for our investors by capturing value and event-driven opportunities.
This observation applies to all three segments of the asset class, hard-currency debt, local-currency debt, and corporate bonds.
The implementation of our investment philosophy is tailored to the unique characteristics of each of these segments. In hard-currency debt, the focus is on value-driven inefficiencies. In corporate bonds, we aim to capture event-driven opportunities. In local-currency debt, we apply a broader approach that mixes bottom-up elements with top-down considerations, such as ESG and the structural development of emerging market countries.
Striving to generate consistent and strong risk-adjusted returns versus peer group.
Disciplined and repeatable investment process incorporating both contrarian and value approaches.
Accomplished investment team led by highly experienced portfolio managers.
