Fixed Income Boutique

EM sovereign and corporate debt: what’s ahead after a tumultuous year?

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Luc D'hooge

Head of Emerging Markets Bonds, Senior Portfolio Manager

In the first presentation, Head of Emerging Market Corporate Bonds Wouter Van Overfelt explains the Emerging Market Bond team’s “Spread Optimization” strategy, which seeks to deliver excess spread and the potential for capital appreciation while maintaining a slightly lower average rating compared to the benchmark. This is based on the belief that higher spreads feed into a higher yield and a higher starting yield leads to higher performance. Furthermore, Wouter also provides and update on recent personnel changes within the Zurich Fixed Income Boutique. In the second presentation, Head of Emerging Markets Bonds Luc D’hooge gives his outlook and positioning in emerging market sovereign debt, going into detail on the current state of the market after a volatile 2020. Luc also discusses the ramifications of central bank policies on emerging market bonds and reveals specific sovereign issuers that he is looking at as we head into 2021.


In the second presentation, Head of Emerging Markets Bonds Luc D’hooge gives his outlook and positioning in emerging market sovereign debt, going into detail on the current state of the market after a volatile 2020. Luc also discusses the ramifications of central bank policies on emerging market bonds and reveals specific sovereign issuers that he is looking at as we head into 2021.



Fixed Income Boutique
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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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