Our expertise
With over 30 years of market presence, our emerging markets (EM) strategies have evolved alongside an expanding and increasingly investable universe. We are an asset manager of sufficient scale to secure strong market access across a broad range of strategies, while remaining nimble enough to capitalize on an evolving investment landscape.1
Our commitment to EM investment dates back to 1995, and is complemented by long-standing presence in Asia and China spanning more than two decades.2
Our time‑tested investment process and EM philosophy are rooted in high‑conviction investing and true boots‑on‑the‑ground research, combining fundamental bottom‑up insights with top‑down perspectives, delivered by experienced analysts and portfolio managers, supported by the global reach of a respected firm.
What sets us apart
Our EM fixed income process
High-conviction investment in EM fixed income, with a focus on hard‑currency sovereigns, quasi‑sovereigns and corporates, as well as local‑currency strategies across the credit spectrum. We seek to generate alpha through an investment process committed to proactively identifying potential credit events across countries, companies and sectors, supported by rigorous, forward‑looking stress testing and scenario analysis.
Our EM equity process
We invest in EM companies, focusing on valuations and quality. Our process is fundamentally bottom‑up, driven by proprietary, local research. Portfolio construction is disciplined, paying close attention to factor exposures, diversification and liquidity, with risk management integrated at every stage.
Demystifying emerging markets
Countries classified as EM span the full gamut of policy quality, growth dynamics and political cycles, resulting in a diverse and dynamic investment universe. Many EM countries currently exhibit stronger monetary credibility, healthier balance sheets and more resilient inflation control than some developed markets. EM investment opportunities span multiple return drivers, from domestic consumption and digitalization to sovereign credit reforms and local interest rate cycles.
Why emerging markets now
For over a decade, portfolios were anchored in developed markets. Today, that environment is shifting – with higher rate volatility, changing correlations and wider dispersion reshaping the landscape. Emerging markets are playing an increasingly integral role in portfolios – offering potential sources of resilience and diversification.
What’s driving this shift:
- Stronger fundamentals and more credible policy frameworks
- Faster structural growth and improving investor sentiment
- Attractive income potential, diversification benefits and evolving roles in portfolios
As their role in the global opportunity set continues to expand, many portfolios are reassessing how emerging markets fit within long-term allocations. Is your allocation keeping up? Watch the video for more insights.
Capabilities overview
Active equity investing
Active equity investing
Intrinsic value is assessed through a company's future cash flows, with a focus on discrepancies between price and intrinsic value, which combined with market behavior, may provide opportunities while emphasizing quality and sustainability across market cycles
Active fixed income investing
Active fixed income investing
We seek to generate alpha generation by focusing on forward-looking stress testing and scenario analysis to proactively avoid credit drawdowns and benefit from positive risk convexity situations.
Risk:
- Potential loss: Diversification is no guarantee against loss. Investors may lose part or all of their invested amount.
- Market risk: Market conditions can trigger fluctuations in total returns.
- Liquidity risk: Some strategies may have difficulty or may not be able to sell their investments.
- Foreign currency risk: The investments’ total return can be adversely affected by exchange rate fluctuations.
- Credit risk: The issuer’s inability to meet financial obligations may result in partial or total loss of invested capital.
- Interest-rate risk: Changes in interest rates may adversely affect the value of fixed-income investments.
Past performance is shown for illustrative purposes only and should not be considered a guarantee or reliable indicator of future performance. Market conditions may change, and future returns may differ significantly.
