Investment Strategies

Investment strategies are offered on a segregated account basis and via commingled funds

FIVE CORE STRATEGIES

Global Evolution manages five core investment strategies which include EM Hard Currency Debt, EM Local Currency Debt, EM Blended Debt, Frontier Markets and EM Absolute Debt & FX.

Through our product platform, funds are offered on a segregated account basis and via commingled funds based on either predefined or jointly defined investment guidelines and risk/return objectives.

EM Hard Currency Debt

The strategy invests primarily in dollar-denominated government debt and enables investors to get exposure to a wide range of countries from Asia, Latin America, Eastern Europe, the Middle East and Africa. As part of the investment process, we apply an integrated ESG approach, and favor countries with dynamically improving underlying fundamentals and attractive valuations.

Hard Currency Debt funds are most commonly benchmarked against the JP Morgan EMBI Global Diversified index.

The strategy is well-diversified and designed to provide attractive risk-adjusted returns by utilizing a conviction-based and benchmark agnostic investment approach.

EM Local Currency Debt

The strategy invests in a selection of local currency denominated government debt and currency instruments and enables investors to get exposure to emerging markets countries from Asia, Latin America, Eastern Europe, the Middle East and Africa. As part of the investment process, we apply an integrated ESG approach, and favor countries with dynamically improving underlying fundamentals and attractive valuations. 

Local Currency Debt funds are most commonly benchmarked against the JP Morgan GBI-EM Global Diversified index.

The strategy is designed to provide attractive risk-adjusted returns by utilizing a conviction-based and benchmark agnostic investment approach. 

EM Blended Debt

The strategy invests in a combination of primarily dollar-denominated government debt, local currency denominated government debt and currency instruments and enables investors to get exposure to a wide range of emerging markets countries from Asia, Latin America, Eastern Europe, the Middle East and Africa. As part of the investment process, we apply an integrated ESG approach, and favor countries with dynamically improving underlying fundamentals and attractive valuations. 

EM Blended Debt funds are most commonly benchmarked against 50% JP Morgan EMBI Global Diversified index + 50% JP Morgan GBI-EM Global Diversified index.

The strategy is dynamically managed in a range between 30% and 70% being well-diversified and designed to provide attractive risk-adjusted returns by utilizing a conviction-based and benchmark agnostic investment approach.

Frontier Markets

The strategy invests in a combination of primarily dollar-denominated government debt, local currency denominated government debt and currency instruments from frontier countries in Asia, Latin America, Eastern Europe, the Middle East and Africa.

As part of the investment process, we apply an integrated ESG approach, and favor countries with dynamically improving underlying fundamentals and attractive valuations. The aim is to capture the attractive benefits from early stage investments in countries where there is positive momentum toward improving fundamental underpinnings, where the political environment is stable or a catalyst for positive change is present, and where the financial infrastructure supports external investment. 

The strategy is well-diversified and designed to provide attractive carry and risk-adjusted returns by utilizing a conviction-based approach.

EM Absolute Debt and FX

The strategy combines the best investment opportunities from the full universe of emerging and frontier markets countries with an active risk overlay with the aim to deliver an uncorrelated absolute return. 

This strategy contains Global Evolution’s best ideas and seeks to allocate risk to the team’s highest conviction investment ideas, complemented with a long/short overlay to mitigate unintended or undesirable risks and enhance the return potential of high-conviction themes or ideas.