Emerging Markets Debt Strategy
The strategy seeks total return and capital appreciation by investing in fixed income securities issued by governments, government-related entities and corporations located in emerging market countries denominated in both U.S. dollar and local currencies. The portfolio managers utilize a combination of top-down and bottom-up analysis in the investment process. Country analysis and allocation employ a top-down approach, while individual securities are selected using intensive bottom-up fundamental research to construct a well-diversified portfolio.
Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
Foreign & Emerging Markets: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.
High Yield-High Risk Fixed Income Securities: There is a greater level of credit risk and price volatility involved with high yield securities than investment grade securities.