Approach

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.

Products

  • Separately Managed Accounts

Nomura Corporate Research and Asset Management Inc. is not part of the NAM Group. This website is a general communication. It is being provided for information purposes only, and is subject to change without notice. Nothing herein is intended to constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Any examples used in this material are generic, hypothetical and for illustration purposes only. The views and strategies described may not be suitable for all investors. Investing involves risk.