Emerging Markets Debt: Navigating a Shifting Landscape

Emerging Markets

Emerging Markets Debt: Navigating A Shifting Landscape

Emerging Markets are rife with opportunity, but managing risks is critical.

From an uncertain global macro environment to trade tensions to geopolitical conflict, there are a number of risks facing emerging markets debt investors. But attractive opportunities continue to materialize across the EM spectrum, including in local currency, sovereign hard currency and corporate debt. The key to capitalizing on them is selectivity.

Income and Diversification

Emerging markets can offer a potential yield premium versus developed market debt.

Not All Issuers Are Created Equal

Challenges will persist, but not all countries and companies will be equally impacted.

From Volatility to Opportunity

Volatility often leads to price dislocation, creating value opportunities for investors.

Public Fixed Income

EM Debt: Time to Load Up?

A number of factors have converged to create a potentially compelling opportunity in EM debt. And with prices at attractive levels relative to history, now may be a good time to consider an allocation to the asset class.

Insights – 5 min read

Public Fixed Income

EM Debt: The Improving Risk/Reward Dynamics

Dr. Ricardo Adrogué joins the podcast to discuss why risks including those related to inflation, interest rates and EM elections are increasingly behind us, setting the stage for a possible resurgence in investor appetite for EM Debt.

Podcast – 36 min watch

Public Fixed Income

EM Debt: Are the Biggest Risks Behind Us?

With many EM elections now behind us, EM debt looks well-positioned heading into the remainder of the year. But with geopolitical tensions continuing to rise, and in the lead-up to the U.S. presidential election, a selective approach will be key.

Quarterly – 5 min read

Public Fixed Income

EM Sovereign Debt: Spreads Are Tight... So What?

A superficial look at EM sovereign spreads suggests they may be too tight to offer attractive upside. We disagree, and here’s why.

Insights – 5 min read

Public Fixed Income

Four Reasons to Revisit EM Corporate Short Duration Debt

Against a potentially higher-for-longer backdrop, a short-dated approach to EM corporate debt can provide an opportunity to pick up income, incremental yield and diversification, with less volatility.

Insights – 6 min read

Public Fixed Income

EM Local Debt: Is the EM-U.S. Disconnect an Overlooked Opportunity?

Emerging markets have become increasingly out of sync with the U.S. in terms of inflation and economic growth. Markets are ignoring the disconnect, which could spell an opportunity for investors.

Insights – 3 min read

Public Fixed Income

EM Debt: Reasons for Optimism, But Risks Remain

The upbeat note on which EM debt entered the year continues to prevail. While tailwinds exist, there is also a myriad of potential risks to navigate in the coming months.

Quarterly – 5 min read

Public Fixed Income

Is it Time for Fixed Income?

Head of Public Assets, Martin Horne, discusses the factors shaping the outlook for fixed income markets in 2024 including interest rates, corporate fundamentals and valuations.

Video – 34 min watch

Public Fixed Income

EM Debt: The Benefits of a Blended Approach

The EM debt universe—larger, more diverse, and of higher-quality than generally perceived—offers compelling opportunities today. But given the uncertainties ahead, there are potential benefits to taking a blended approach.

Insights – 7 min read