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Emerging Markets Local Debt

  • AUM $2.9 billion
    (30 September 2019)
  • Inception Date 2014
  • Benchmark J.P. Morgan Gov Bond Index EM Global Div (Unhedged)
  • Vehicles Available
    • UCITS Fund
    • Separate Account
    • Mutual Fund
 

Investment Philosophy

The portfolio management team combines quantitative models and macroeconomic analysis with bottom-up sovereign research to identify economic cycles and economic competitiveness across a wide range of emerging market countries. The economic cycle is a key determinant of interest rates dynamics and export competitiveness is a key driver of currencies.

Our Value Add

Seasoned emerging markets debt team supported by an extensive platform and proprietary quantitative tools

  • Experienced Team and Extensive Platform: An experienced portfolio management team, proprietary quantitative models and fundamental analysis tools differentiate Barings from its competitors.
  • Proprietary Quantitative Models and In-Depth Macroeconomic Analysis: We identify country-by-country economic cycles and international competitiveness across a wide range of emerging markets and developed economies. This provides a diversified and global perspective to investment opportunities.
  • Risk Management: Risk is monitored throughout the investment process on a bond-by-bond and currency level. The risk management framework includes rigorous quantitative modeling and scenario analysis. 

Portfolio Managers

Dr. Ricardo Adrogué

Dr. Ricardo Adrogué

Cem Karacadag

Cem Karacadag

RelatedViewpoints

  • EM Debt: Warding Off Headwinds with Active Management

    Ricardo Adroguè, Head of Global Sovereign Debt and Currencies, addresses the many risks facing the global economy—specifically China, Argentina and the Middle East—and explains why active management is critical to performance.

    View

  • EM Debt: Navigating the Geopolitical Noise

    From the Middle East to China to Argentina, investors face no shortage of geopolitical risks and negative headlines. But is there still value to be found across emerging markets? Dr. Ricardo Adrogué weighs in.

    View

  • 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

  • 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
See all viewpoints

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The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. 

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