Emerging Markets Corporate Debt
- AUM $6.1 billion
(30 June 2021)
- 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.
Growing Pains for EM Corporates Amid China's Regulatory Crackdown
Chinese corporates are experiencing growing pains as fines and restrictions rain down on sectors like tech, real estate and education—but select opportunities are emerging as well.View
EM Debt: Assessing the Impact of China’s Crackdowns
Omotunde Lawal, Head of EM Corporate Debt, sheds light on China’s recent regulatory crackdowns on industries ranging from technology to education to property, and explains the risks and opportunities these actions may present for fixed income investors.View
Three Reasons for EM Corporate Short Duration Debt
While the potential for inflation and rising rates could create a headwind for EM debt, a short duration approach can provide an opportunity to pick up incremental yield and diversification, with less volatility.View
EM Debt: Fundamentals Back to the Forefront
The EM growth picture remains positive, but with the Fed’s hawkish pivot toward quarter-end, sovereign and corporate debt look better positioned than local currencies.View
EMD: Light at the End of the Tunnel
The rollout of the COVID vaccine may be slower across emerging markets, meaning restrictions will likely remain in place for the foreseeable future. But there are bright spots—including in local currencies and companies that have adapted to this ‘new normal’.View