Emerging Markets Bonds

A high-conviction and contrarian approach, combining bottom-up and relative-value strategies.

How we can help you

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.

infograph-boutique-fixed-income-em-inefficiencies_en

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.

Why partner with us?

Strong performance culture

Striving to generate consistent and strong risk-adjusted returns versus peer group.

Unique approach

Disciplined and repeatable investment process incorporating both contrarian and value approaches.

Able bond pickers

Accomplished investment team led by highly experienced portfolio managers.

Meet the team

Insights

Fixed Income Boutique
2021-09-15_VP_predictability-and-yield-a-timely_teaser
Viewpoint | Read | 4 min

Predictability and yield: A timely solution with fixed maturity emerging market corporate bonds

Yields in emerging market corporate bonds are head and shoulders above their developed market peers. The reason for this yield mismatch is that EM corporate bonds are subject to myths and unsubstantiated perceptions resulting in higher spreads. In this Viewpoint, Senior Portfolio Manager Sergey Goncharov shatters those myths.

Read more