Emerging Markets Debt Total Return

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John Lovito

Alessandra Alecci

Thomas Youn

Rajat Ahuja

4 Investment Analysts

2 Client Portfolio Managers

Documents & Resources


The Emerging Markets Debt Total Return Strategy seeks to deliver most of the upside of emerging markets debt, with 50% - 75% of the risk over a full market cycle.

We believe:

  • Misunderstood and mispriced risks within emerging markets debt create inefficiencies and anomalies that can be exploited.
  • An active, research-driven, bottom-up approach to evaluate countries and companies, combined with robust macro and thematic analysis is the best way to exploit these inefficiencies.
  • A disciplined valuation framework focused on relative value is critical in pricing fundamental risks appropriately.
  • Focus on rigorous risk budgeting and continuous stress testing are integral to achieving strong and consistent risk-adjusted results.
  • Diversified sources of return through active positions in duration, yield curve, country allocation, sector allocation, currency allocation and security selection help generate a more consistent return profile.


Investment capabilities are available to institutional clients through separate accounts, sub-advised portfolios and commingled vehicles. Please contact us for availability in your region.



Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

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Sources: ICE Benchmark Administration Ltd., FactSet

Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.