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  • Emerging Markets Debt

    Emerging countries have stepped up their debt issuance in recent years to create a growing and increasingly liquid market. Today, a thriving market exists spanning Latin America, Eastern Europe, Africa, Emerging Asia and the Middle East.

    Originally confined to US-dollar denominated debt (‘hard currency’), there is also now a large market for bonds issued in the country’s own currency (‘local currency’).

    For investors in sovereign bonds, the country’s ability to repay its debt is essential. Investors are increasingly concerned about the debt levels in developed markets. However, emerging markets are in a very different position. Their debt-to-GDP ratios are only one-third of their developed peers.

    They are in a much better position to repay their debts, thanks to their superior demographic, fiscal and economic profiles. And thanks to emerging countries’ improved monetary and fiscal policies, investors are increasingly confident in their long-term stability.

  • Why emerging
    market debt?

    As emerging markets continue to evolve, so do the investment opportunities. learn more from our emerging market debt experts about the benefits of investing in debt from emerging market countries.

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  • Our approach

    Find out more about the Emerging Markets Debt teams investment approach and their commitment to providing the best possible outcomes over the long-term for their investors.

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  • Investment team

    Based in London, our team is comprised of experienced investors from a diverse range of backgrounds, including roles with high-profile European institutions and central banks.

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  • More insights

    First Insights January 2017 edition

    Article  | 30 January 2017

    As is the case each January, in this edition of First Insights, we discuss the key themes and risks for the year ahead. 2017 looks set to be dominated by President Trump and his plans for significant fiscal policy easing in the US.

    Never say never again

    Article  | 13 December 2016

    For several decades the world has looked to the US for stability and order. Following the ‘surprise’ election result that had the prevailing politicians and pollsters aghast at hearing the words, ‘President-elect Trump’, gives a sense that the stability we have come to expect from the US can no longer be assured.

    How investors react to volatility and uncertainty

    Article  | 12 December 2016

    Over the first half of 2016, market volatility and political uncertainty has driven cautious behaviour from investors