Fund description
The Fund offers broad, diversified exposure to emerging debt markets through an active and disciplined investment process that spans hard currency sovereign, hard currency corporates and local currency investments.
The Fund is actively managed and is not managed in reference to a benchmark. Investors invest in shares of the Fund. The Fund is suitable for long-term investors that are prepared to accept a moderate to high level of volatility. Please see the Key Investor Information Document(s) for more information.
Investment process
- Global Macro Analysis: Emerging markets debt opportunities are considered in relation to global economic, political and market conditions, including conditions within developed countries.
- Investability Analysis: Examine overall country risk to assess investable universe beyond the hard currency sovereign debt, which also helps determine the out-of-benchmark policy.
- Fundamental Analysis: Bottom-up fundamental analysis performed on all segments: hard currency sovereigns, hard currency corporates and local market debt.
- Relative Value Analysis: Relative value analysis provides an in-depth qualitative assessment of incremental yield versus incremental risk.
