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

Jun 20, 2024

Now you CEE me…….

Are economies growing faster in developed Europe than those in Central and Eastern Europe (CEE)? Are the debt metrics of countries like Italy, Spain or the UK healthier than the likes of the Czech Repulic, Estonia or Slovenia? Warren Hyland, portfolio manager and co-author of our EM Monthly series and senior credit analyst Mark Robinson share their thoughts.

Jun 14, 2024

CEEing opportunities in banks

Warren Hyland and Mark Robinson discuss the key themes and topics in emerging markets and what investors should look for in the month ahead.

May 21, 2024

The Indian Growth Story

From a global investor perspective, there’s a lot to like about India, which is the focus of the latest edition of our EM Monthly series. Click to listen to our latest episode of the Muzinich podcast where Warren Hyland, portfolio manager and co-author of EM Monthly, shares his thoughts.