Emerging Market Debt Relative

Investment Objective

The Emerging Market Debt Relative strategy uses a benchmark index consisting of one-third of each of the following JP Morgan Indices: EMBI Global Diversified dollar bond index, one-third GBI-EM Global Diversified local currency index, and one-third CEMBI Broad Diversified corporate index. The strategy seeks to outperform this hybrid index by 200 to 300 basis points over a typical market cycle (gross of fees, per annum).

Description

A relative return multi-sector strategy that integrates sovereign hard currency debt, local currency rates, local currencies, and emerging market corporate debt within an actively managed, strategic asset allocation framework. Using this approach we capture the full opportunity set in emerging market fixed income while managing these four alpha sources in an integrated manner with the goal of achieving the highest risk-adjusted returns available within the asset class.

Management Team

Investment Philosophy

Investment Process

Key Features

Investment Options*