Emerging Markets Debt
Emerging markets debt offers the potential for attractive returns as well as diversification benefits. It is also an ideal asset class for active management, replete with inefficiencies stemming from uneven information flows and market segmentation. At Standish, the dedicated and experienced emerging markets team strives to identify the most compelling risk-adjusted opportunities in both US$-denominated and local currency bonds by following a rigorous investment process based on in-depth fundamental country analysis and supported by the discipline of quantitative models.
US$ Denominated
Objectives
- Seeks to outperform the Index, over a full market cycle, on an absolute and risk-adjusted basis.
- Invests primarily in liquid sovereign and quasi-sovereign US$ denominated emerging markets bonds
Product Facts
| Allowable investments | US and non-US dollar emerging market bonds, forwards, futures & swaps |
| Portfolio benchmark | JP Morgan Emerging Markets Bond Index (EMBI) Global |
| Credit spread duration range | Index +/-30% |
| Targeted portfolio credit quality | BB |
| Individual security quality | Ranges from A to CCC |
| Average number of portfolio holdings | 40-100 |
| Minimum separate account size | $25 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com
Local Currency
Objectives
- Seeks to outperform the Index, over a full market cycle, on an absolute and risk-adjusted basis.
- Invests primarily in liquid sovereign local currency-denominated emerging markets bonds.
Product Facts
| Allowable investments | Non-US and US dollar emerging market bonds, forwards, futures & swaps |
| Portfolio benchmark | JPMorgan GBI-EM Global Diversified |
| Credit spread duration range | Index +/-30% |
| Targeted portfolio credit quality | Investment Grade |
| Average number of portfolio holdings | 25-50 |
| Minimum separate account size | $25 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com