angle-left null Emerging Markets Debt - Local Currency

Emerging Markets Debt - Local Currency

Active Fixed Income Emerging Markets Income
  • Benchmark JPM GBI-EM Global Diversified
  • Inception Date June 2006

Strategy Overview

The Emerging Markets Debt – Local Currency strategies are typically benchmarked to the JP Morgan GBI-EM Global Diversified Index.

We give strong consideration, but are not limited to, benchmark weights when making investment decisions. Subject to investment guidelines and in cases where we have conviction, we may deviate substantially from the benchmark. We seek to primarily have exposure to countries experiencing deep, positive, fundamental changes, and avoid countries whose currencies or bonds are largely supported by short-term capital flows, which may reverse quickly in the future. The main sources of return in this strategy come from currencies and local bond market yields. Fundamental sovereign research – the basis of our investment process – enables us to identify these alpha drivers.

Please note that all investment strategies involve risk.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.