Emerging Markets Corporate Debt
- AUM $3.3 billion
(30 June 2019)
- Inception Date 2013
- Benchmark J.P. Morgan Corporate EM Bond Index Broad Diversified
- Vehicles Available
- UCITS Fund
- Separate Account
We believe our combined approach of in-depth bottom-up credit analysis with top-down macro views is the key to identifying attractive risk-adjusted investment opportunities.
The Corporate Team’s strategy seeks to generate consistent positive excess returns through the economic cycle using a rigorous bottom-up analysis and structured evaluation of security selection opportunities. We attempt to exploit market imperfections by seeking to: identify favorable credit stories, capitalize on relative value opportunities, and avoid credit events.
Our Value Add
Experienced emerging markets debt team provides coverage across the universe of Emerging Markets corporate bonds. The EM Corporate team is also supported by an extensive firm-wide fundamental research platform of more than 60 analysts.
- Credit-Intensive Approach:High-quality fundamental bottom-up credit and sector analysis made possible by the limited number of credits covered by any given analyst. This approach is enhanced by our established relationships with issuers and policy makers.
- Consistent Process: Rigorous and disciplined credit underwriting process and Investment Committee approach, which includes a global, consistent, and comprehensive views across EM asset classes.
Emerging Markets Debt: Taking a Hard (Currency) Stance
EMD performance was muted in Q3, but valuations remain attractive and emerging economies are growing at a measured pace. We continue to favor hard currency assets, which are benefitting from lower rate expectations.View
Fixed Income: Upending the Conventional Approach
Michael Freno, Head of Global Markets, shares his view on where value can still be found in fixed income, despite the uncertain current environment—and why investors may need to look beyond traditional indexes in high yield, investment grade and emerging markets debt.View
Tempering Enthusiasm for Mexico’s Corporate Bond Market
Omotunde Lawal, Head of EM Corporate Debt, reports back from a recent trip to Mexico, where the Barings team conducted on-the-ground research through meetings with a wide variety of corporate issuers, economists and ratings agencies.View
EM Debt: Investing with Cautious Optimism
Sovereign debt outperformed in Q1 as geopolitical headlines continued to garner attention and commodities rallied. Risks remain for the asset class but some notable headwinds have now become tailwinds.View
Monetary Policy’s Effect on EM Debt
Rate expectations have changed materially across emerging and developed markets in the first quarter of 2019. What does this mean for emerging markets debt? Barings’ Ricardo Adrogué weighs in.View