Emerging Markets

The Emerging Market (EM) hard currency corporate debt universe provides investors the opportunity to access the fast-growing and economically diverse story of EM countries. The asset class aims to provide higher yields and a pick-up in spread when compared to similar-rated bonds in developed markets.

Our focus on hard currency corporate bonds enables us to avoid the additional volatility associated with local currency investments. We offer short or regular duration strategies, designed to suit different risk appetites. We also have a dedicated Asian credit strategy, an asset class we believe is under-researched by Western investors which could seek to provide an interesting proposition for investors looking for further diversification.

Our Advantage

Deep Credit Focus – in-depth fundamental credit analysis complemented by sovereign macro expertise
Strong Team – knowledgeable portfolio management team with language skills and regional specialities in the markets in which they invest
Long-Term Track Record – close to a decade of experience in Emerging Market credit

Capital at risk. The value of investments and the income from them may fall as well as rise and is not guaranteed. Investors may not get back the full amount invested. Past performance is not an indication of current or future performance.

Emerging Market Risk: Emerging markets are generally more sensitive to economic, social and political conditions than developed markets. Additionally, there may be insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

“Emerging Market hard currency corporate debt is a multi-asset global opportunity set, providing investors the opportunity to rotate into different regions, sectors and sub-asset classes depending on their global economic outlook and expected rates trajectory”

Warren Hyland, Portfolio Manager

Our Strategies

Emerging Markets – Short Duration

Emerging Markets – Market Duration

Emerging Markets – Asia Credit Opportunities

Insights

Dec 13, 2024

EM in 2025: What doesn’t break you makes you stronger

Years of macroeconomic and geopolitical headwinds have had an unexpectedly positive effect on emerging market corporates, potentially setting them up for a strong 2025, argues Warren Hyland.

Nov 12, 2024

Why globalisation 2.0 could favour emerging markets

Globalisation’s bumpy road is resulting in a new world order that could significantly benefit emerging markets, as Warren Hyland explains.

Oct 08, 2024

Turkey macro rebalancing: halfway there?

After 15 years of policy missteps and time in the economic wilderness, change is afoot in Turkey. Warren Hyland looks at the country’s economic and political journey and assesses whether now is a good time to consider Turkish corporates.