Emerging Markets Corporate Debt
- AUM $3.2 billion
(31 December 2018)
- 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.
Podcast: EM Debt—A Brightening Picture?
Barings’ Ricardo Adroguè and Omotunde Lawal highlight opportunities they’re seeing from Mexico and Brazil to more challenged geographies like Turkey and Argentina—and provide insight into how they’re thinking about political hotspots like Venezuela.View
Finding Opportunity in Uncertainty
Ricardo Adrogué, Barings’ Head of Emerging Markets Debt, recently participated in a Pensions & Investments roundtable discussion with a panel of other emerging markets experts.View
Credit Market Investing: Stop Watching the Clock. The Fundamentals Matter More.
In this paper, we explain why we believe investors should focus on fundamentals rather than trying to time the credit cycle. Specifically, we highlight opportunities in high yield, investment grade credit and emerging markets debt.View
Emerging Markets Debt: Guilt by Association?
Despite concerns surrounding post-Brexit volatility, declining commodity prices and China’s economic slowdown, EM debt has in many cases been more resilient than developed market debt.View