Emerging Markets

The Emerging Market (EM) hard currency corporate debt universe provides investors the opportunity to access the fast-growing and economically diverse story of EM countries. The asset class aims to provide higher yields and a pick-up in spread when compared to similar-rated bonds in developed markets.

Our focus on hard currency corporate bonds enables us to avoid the additional volatility associated with local currency investments. We offer short or regular duration strategies, designed to suit different risk appetites. We also have a dedicated Asian credit strategy, an asset class we believe is under-researched by Western investors which could seek to provide an interesting proposition for investors looking for further diversification.

Our Advantage

  • Deep Credit Focus – in-depth fundamental credit analysis complemented by sovereign macro expertise
  • Strong Team – knowledgeable portfolio management team with language skills and regional specialities in the markets in which they invest
  • Long-Term Track Record – close to a decade of experience in Emerging Market credit

 

Capital at risk. The value of investments and the income from them may fall as well as rise and is not guaranteed. Investors may not get back the full amount invested. Past performance is not an indication of current or future performance.

Emerging Market Risk: Emerging markets are generally more sensitive to economic, social and political conditions than developed markets. Additionally, there may be insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

“Emerging Market hard currency corporate debt is a multi-asset global opportunity set, providing investors the opportunity to rotate into different regions, sectors and sub-asset classes depending on their global economic outlook and expected rates trajectory”

Warren Hyland, Portfolio Manager

Photo of Warren Hyland, Portfolio Manager

Insights

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Jan 31, 2023

5 Reasons to Consider Short Duration Credit

The potential for higher yields and protection from volatility make a compelling case for short duration bonds

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Jan 17, 2023

A New Reality

In our somber-minded daily world of earning a living we occasionally wander into a dreamworld of a living earned for us.

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Jan 03, 2023

Muzinich & Co. 2023 Outlook - Income is Back

Given significant moves in 2022, we believe credit markets offer attractive carry, and we expect the excess return outlook to be positive in 2023.

Read More Insights