The Emerging Markets Debt - US$ Denominated strategy is managed to either the JP Morgan EMBI Index or the JP Morgan CEMBI index, or some combination of the two, depending on a client’s guideline flexibility and constraints.
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 bonds are largely supported by short-term capital flows, which may reverse quickly in the future. In addition, we follow a rigorous, integrated approach when exploring value in the EM corporate debt universe, analyzing components including, but not limited to, liquidity, sovereign analysis, financials and spread relative value.
Please note that all investment strategies involve risk.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.