The strategy seeks to generate attractive returns and high levels of coupon income by actively investing in emerging market (EM) hard currency sovereign, quasi-sovereign, and corporate bonds. The EM Sovereign Debt Hard Currency Strategy was incepted in 1996.
The strategy combines top-down considerations with NCRAM’s characteristic bottom-up, “Strong Horse” credit approach to identify EM credits that can carry their debt load through the economic cycle and avoid credit problems. The strategy emphasizes EM sovereign and quasi-sovereign credits and seeks to avoid EM foreign currency volatility by investing only in USD-denominated instruments.
- Separately Managed Accounts
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