We create long-term value by running high-conviction portfolios informed by our own security analysis. We don’t chase yield, and we see loss avoidance as more crucial to returns than identifying winners.
- Comprehensive set of capabilities covering benchmark-orientated, liability-related and absolute-return strategies
- Proprietary credit-research model helps avoid losers as well as identify winners
- Global reach with experienced teams around the world
- Security focus on value relative to fundamental quality
- Emphasis on risk oversight to reduce losses
- Our long-standing Asian presence supports insight into emerging markets
Capabilities in focus
Emerging markets debt
Emerging-market debt offers investors an important avenue for diversification as well as an attractive asset class in its own right. The economies of the developing world continue to grow faster than those of the developed world, and the current-account balances of emerging nations are improving. Meanwhile, credit quality has improved markedly in developing nations, so that the typical component of an emerging-market bond index is investment grade.
Emerging-market bonds denominated in local currencies rather than in hard currencies (typically the US dollar) offer additional diversification benefits, in that they are less exposed to movements in US interest rates, but instead respond to domestic conditions in their own countries.
Asian bonds provide investors with exposure to some of the world’s most dynamic economies and enterprises. The economies of Asian countries are growing faster than those of the Western world, and the current-account balances of Asian countries are improving. Credit quality has improved markedly too.
Before investing, investors should consider carefully the investment objective, risks, charges, and expenses of a fund. This and other important information is contained in the prospectus and KIID document. The information is intended to be of general interest only and should not be considered as an offer, investment recommendation or solicitation, to deal in the shares of any securities or financial instruments.