Investment Strategies

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

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. 

For EM Sovereign Blended Debt funds, the most commonly used benchmark is 50% JP Morgan EMBI Global Diversified index + 50% JP Morgan GBI-EM Global Diversified index.

For EM Sovereign & Corporate Blended Debt funds, the most commonly used benchmark is 50% JP Morgan EMBI Global Diversified index + 50% JP Morgan CEMBI Broad 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 Return Debt

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.

EM Hard Currency Corporate Debt

The strategy invests primarily in dollar-denominated corporate debt and enables investors to get exposure to 50+ countries, 12 sectors and 700+ issuers.
As part of the investment process, we apply an integrated sovereign ESG approach, and favor countries with dynamically improving underlying fundamentals and attractive valuations.
 

Hard currency corporate debt funds are most commonly benchmarked against the JP Morgan CEMBI Broad Diversified index.
The strategy is well-diversified and aims to provide attractive risk-adjusted relative returns by utilizing a conviction-based and benchmark-agnostic investment approach.

EM Local Currency Corporate Debt

The strategy invests primarily in local currency corporate debt instruments and enables investors to get exposure to 18+ countries and 16+ currencies.

As part of the investment process, we apply an integrated sovereign ESG approach, and favor countries with dynamically improving underlying fundamentals and attractive valuations.

Global Evolution recommends and uses ICE BofaML as the benchmark for our local currency strategies.
The strategy is well-diversified and aims to provide attractive risk-adjusted relative returns by utilizing a conviction-based and benchmark-agnostic investment approach.