United States, Institutional
Change
Corporate debt
We believe inefficiencies exist in the pricing of the EM corporate credit risk due to market segmentation, clientele affects, and information availability. These are often exacerbated by shifts in investor sentiment.
Local debt
We believe while emerging local debt may be riskier than bonds issued by some developed market issuers, the higher average coupons can potentially enhance income levels and play a role in generating attractive returns.
This is a challenging market for all investors, but we believe advanced beta approaches can avoid several uncompensated risk exposures and thereby meaningfully outperform the asset class throughout the current downturn.
Investments involve risks including possible loss of principal. This is not to be construed as investment advice or a recommendation to buy or sell any security. Please review important Investment Risks & Definitions
