Global Fixed Income  >  Emerging Markets Debt Total Return

Emerging Markets Debt Total Return

Summary

STRATEGY FACTS

As of 12/31/2018 tooltip

When Listed:

Mutual funds and CIT only available in the United States.

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Available Vehicles Separate Account
Mutual Fund
SICAV
Investment Universe Emerging Markets Debt
Benchmark ICE 3-Month USD LIBOR
Inception Date 01/01/2017
Total Assets $62.04 M

INVESTMENT TEAM

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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.

Margé Karner

Abdelak Adjriou

John Lovito

Kevin Akioka, CFA

Alessandra Alecci

Documents & Resources

Quarterly Review 

RFI 

Quarterly Review 

 

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.

Performance

As of 12/31/2018

  COMPOSITE PERFORMANCE IN USD (%)
  QTR YTD 1 YR 3 YR* 5 YR* Since Inception*
Emerging Markets Debt Total Return (Gross) 0.72% -1.73% -1.73% --- --- 3.61%
Emerging Markets Debt Total Return (Net) 0.49% -2.69% -2.69% --- --- 2.50%
Standard Deviation --- --- 4.18% --- --- 3.52%
Sharpe Ratio --- --- -0.86 --- --- 0.64
ICE 3-Month USD LIBOR 0.66% 2.31% 2.31% --- --- 1.78%
Excess Return 0.07% -4.03% -4.03% --- --- 1.82%
Tracking Error --- --- 4.18% --- --- 3.59%
Information Ratio --- --- -0.96 --- --- 0.51

*Annualized

Sources: ICE Benchmark Administration Ltd., FactSet

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.

For a presentation that complies with the GIPS® standards, click here .

For purposes of compliance with the Global Investment Performance Standards ("GIPS®"), the Firm is defined as American Century Investment Management, Inc. ("ACIM"). ACIM claims compliance with GIPS®. The Emerging Markets Debt Total Return composite seeks to provide a total return that exceeds the benchmark (ICE 3- Month USD LIBOR Index) using a flexible, opportunistic long/short strategy with a long bias designed to provide exposure to a full range of the emerging markets debt universe while limiting volatility and managing drawdown risk. Returns are calculated and stated in U.S. dollars and may increase or decrease as a result of currency fluctuation.