Emerging Markets Debt

Emerging markets offer broad debt markets with attractive opportunities that can enhance income and diversify risk through investments in fast-growing economies and burgeoning industries in both hard and local currency.

AUM ¹

$11.5B

EMERGING MARKETS DEBT

We draw on the expertise of a robust platform with vast on-the-ground resources to build portfolios from a foundation that combines fundamental research, valuations and risk analysis.

For over 20 years we have successfully integrated local insights into global emerging market debt portfolios, following an investment process designed to identify opportunities at the security level to meet our clients’ objectives.

Our presence and coverage across major emerging market (EM) asset classes enable comprehensive sharing of ideas to shape our top-down views, which helps us position our portfolios ahead of the market.

The diversity of the investible EM debt market demands an active, research-intensive and selective approach. While EM debt markets are generally efficient, opportunities do arise from the mispricing of securities on the basis of credit, currency or liquidity risk. Integration of portfolio management, research and trading resources in all major time zones—Asia, Europe, Americas—enhances our ability to efficiently capitalize on those opportunities.

We offer a broad range of strategies across emerging market debt, with a client-focused approach that allows for custom solutions to meet bespoke investment objectives.

Sustainability is a consideration in our forward-looking evaluation of emerging market assets.

Diversified Emerging Markets

Corporate
Sovereign
Blended

Asia Bond

Local Currency
- Hong Kong
- Singapore
- Taiwan
Enhanced Income
Asia USD Investment Grade and Blended Credit

Related Strategies

Strategies	Attributes	Inception Date
EM Debt Blend	Exposure to all areas of emerging market debt—sovereign, corporate and local currency.	1 Nov 2006
EM Debt 50/50 Blend	Focuses primarily on securities issued by emerging market governments and state-owned entities in both U.S. dollars and local currency.	1 Jul 2016
EM Government Bond	Focuses primarily on securities issued by emerging market governments and state-owned entities in U.S. dollars.	1 Jun 2016
EM Corporate Bond	Focuses primarily on securities issued by emerging market corporates in U.S. dollars.	1 Jun 2016
EM Hard Currency Bond	Focuses primarily on securities issued by emerging market governments, state-owned entities and corporates in U.S. dollars.	1 Jul 2018
EM IG Debt	Focuses primarily on investment grade securities issued by emerging market governments, state-owned entities and corporates in U.S. dollars.	1 Apr 2015
EM IG Corporate Bond	Focuses primarily on investment grade securities issued by emerging market corporates in U.S. dollars.	31 Dec 2011
Asian USD IG Bond*	Focuses primarily on investment grade securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Mar 2012
Asian USD Bond*	Focuses primarily on securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Mar 2012
Asian High Yield Bond*	Focuses primarily on high yield securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Jul 2021

^*Strategy managed by our Asia Fixed Income Team, not EM Debt Team

Strategies	Attributes	Inception Date
EM Debt Blend	Exposure to all areas of emerging market debt—sovereign, corporate and local currency.	1 Nov 2006
EM Debt 50/50 Blend	Focuses primarily on securities issued by emerging market governments and state-owned entities in both U.S. dollars and local currency.	1 Jul 2016
EM Government Bond	Focuses primarily on securities issued by emerging market governments and state-owned entities in U.S. dollars.	1 Jun 2016
EM Corporate Bond	Focuses primarily on securities issued by emerging market corporates in U.S. dollars.	1 Jun 2016
EM Hard Currency Bond	Focuses primarily on securities issued by emerging market governments, state-owned entities and corporates in U.S. dollars.	1 Jul 2018
EM IG Debt	Focuses primarily on investment grade securities issued by emerging market governments, state-owned entities and corporates in U.S. dollars.	1 Apr 2015
EM IG Corporate Bond	Focuses primarily on investment grade securities issued by emerging market corporates in U.S. dollars.	31 Dec 2011
Asian USD IG Bond*	Focuses primarily on investment grade securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Mar 2012
Asian USD Bond*	Focuses primarily on securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Mar 2012
Asian High Yield Bond*	Focuses primarily on high yield securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Jul 2021

^* Strategy managed by our Asia Fixed Income Team, not EM Debt Team

Strategies	Attributes	Inception Date
EM Debt Blend	Exposure to all areas of emerging market debt—sovereign, corporate and local currency.	1 Nov 2006
EM Debt 50/50 Blend	Focuses primarily on securities issued by emerging market governments and state-owned entities in both U.S. dollars and local currency.	1 Jul 2016
EM Government Bond	Focuses primarily on securities issued by emerging market governments and state-owned entities in U.S. dollars.	1 Jun 2016
EM Corporate Bond	Focuses primarily on securities issued by emerging market corporates in U.S. dollars.	1 Jun 2016
EM Hard Currency Bond	Focuses primarily on securities issued by emerging market governments, state-owned entities and corporates in U.S. dollars.	1 Jul 2018
EM IG Debt	Focuses primarily on investment grade securities issued by emerging market governments, state-owned entities and corporates in U.S. dollars.	1 Apr 2015
EM IG Corporate Bond	Focuses primarily on investment grade securities issued by emerging market corporates in U.S. dollars.	31 Dec 2011
Asian USD IG Bond*	Focuses primarily on investment grade securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Mar 2012
Asian USD Bond*	Focuses primarily on securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Mar 2012
Asian High Yield Bond*	Focuses primarily on high yield securities issued by Asian governments, state-owned entities and corporates in U.S. dollars.	1 Jul 2021

^* Strategy managed by our Asia Fixed Income Team, not EM Debt Team

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Emerging Markets Debt

Related Strategies

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