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 add value by capturing value and event-driven opportunities.

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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 see also plenty of event-driven opportunities we can capture. In local-currency debt, we apply a broader approach that mixes bottom-up elements with top-down considerations, such as governance and structural development of emerging market countries.

Why partner with us?

Strong track record

Consistently superior 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.

Our offering

4 funds found

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Vontobel Fund - Emerging Markets Blend

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
HI (hedged) CHF LU1896847891 44276200 99.43 -9.06% Oct 20 2020
HI (hedged) EUR LU1896847628 44276198 100.18 -8.86% Oct 20 2020
HS (hedged) CHF LU1896848279 44276223 101.44 -8.60% Oct 20 2020
I USD LU1256229680 28772028 145.10 -7.66% Oct 20 2020
PHS (partially hedged) CHF LU2001997159 48077323 89.02 -10.25% Oct 20 2020
Vontobel Fund - Emerging Markets Corporate Bond

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
A USD LU2033400107 49240328 99.01 -4.91% Oct 20 2020
AQN USD LU1914926925 44988752 96.35 -4.49% Oct 20 2020
B USD LU1750111707 39897195 106.48 -4.91% Oct 20 2020
HI (hedged) EUR LU1750111533 39898221 101.03 -5.74% Oct 20 2020
HI (hedged) CHF LU1923148958 45490215 104.33 -5.96% Oct 20 2020
I USD LU1305089796 30034517 156.63 -4.46% Oct 20 2020
N USD LU1750111616 39897174 108.05 -4.49% Oct 20 2020
S USD LU2046631813 49663051 98.63 -3.98% Oct 20 2020
Vontobel Fund - Emerging Markets Debt

Fixed Income Boutique Emerging Markets Bonds

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Share class Currency ISIN Valor NAV YTD As at
AH (hedged) EUR LU1482064224 33739112 89.81 -6.60% Oct 20 2020
AHI (hedged) CHF LU1572142336 35836655 90.52 -6.41% Oct 20 2020
AHN (hedged) EUR LU1684196279 38261507 91.19 -6.24% Oct 20 2020
AI EUR LU1086766554 24882764 116.88 -9.66% Oct 20 2020
B USD LU0926439562 21343505 130.24 -5.22% Oct 20 2020
H (hedged) EUR LU0926439992 21343509 115.49 -6.59% Oct 20 2020
H (hedged) CHF LU0926440065 21343526 111.78 -6.86% Oct 20 2020
HI (hedged) CHF LU0926440495 21343537 116.29 -6.41% Oct 20 2020
HI (hedged) GBP LU1700373241 38689213 99.16 -5.63% Oct 20 2020
HI (hedged) EUR LU0926440222 21343536 120.21 -6.22% Oct 20 2020
HN (hedged) CHF LU1683481938 38261772 94.99 -6.42% Oct 20 2020
HN (hedged) EUR LU1683488438 38261771 95.84 -6.23% Oct 20 2020
HS (hedged) CHF LU1627767111 37026687 99.90 -5.97% Oct 20 2020
I USD LU0926439729 21343507 135.93 -4.78% Oct 20 2020
N USD LU0926439646 21343506 135.32 -4.82% Oct 20 2020
S USD LU1171709691 26738515 140.80 -4.32% Oct 20 2020
Vontobel Fund - Sustainable Emerging Markets Local Currency Bond

Fixed Income Boutique Emerging Markets Bonds

View 15 share classes Hide share classes
Share class Currency ISIN Valor NAV YTD As at
A USD LU0563307551 12061798 60.49 -1.01% Oct 20 2020
AM USD LU0563307635 12061799 51.23 -1.33% Oct 20 2020
AN USD LU1683487208 38261516 90.37 -0.51% Oct 20 2020
B EUR LU0752071745 18059822 101.58 -6.07% Oct 20 2020
B CHF LU0752070267 18059927 90.37 -7.30% Oct 20 2020
B USD LU0563307718 12061801 96.36 -1.01% Oct 20 2020
C USD LU0563307809 12061803 139.01 -1.33% Oct 20 2020
H (hedged) CHF LU0563308369 12061825 78.81 -2.73% Oct 20 2020
H (hedged) EUR LU0563308443 12061827 83.39 -2.39% Oct 20 2020
HI (hedged) CHF LU0563308799 12061834 83.82 -2.31% Oct 20 2020
HI (hedged) EUR LU0563308872 12061836 84.75 -2.20% Oct 20 2020
HN (hedged) CHF LU1683483470 38261533 92.09 -2.35% Oct 20 2020
HN (hedged) EUR LU1683487380 38261546 93.44 -2.12% Oct 20 2020
I USD LU0563307981 12061804 102.56 -0.49% Oct 20 2020
N USD LU1683483124 38261758 101.28 -0.51% Oct 20 2020

Meet the team

Insights

Fixed Income Boutique
2020-07-02_em-coporate-bond-update_teaser
Viewpoint
COVID-19

Emerging market corporate bonds: a paradise, if actively managed

From an active manager’s point of view, risk premiums are currently very high in emerging markets and make their corporate bonds an attractive asset class in the stubborn low-rate environment. Wouter van Overfelt, portfolio manager of our Emerging Markets Corporate Bond portfolio, is ready to take advantage of the broad and promising opportunity set, applying a tried and tested investment strategy.

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