Emerging Market Corporate Debt Strategy

The GIA Emerging Market Corporate Debt strategy consists of broadly diversified US dollar denominated portfolios holding securities issues by borrowers domiciled in or doing the majority of their business in emerging markets. The securities universe includes investment grade and high yield emerging markets bonds, as well as emerging market sourced revenue, special situation EM, government bonds and other income-oriented securities.

Key Attributes

  • Bottom-up, fundamentally-driven investment approach
  • Credit research focused on creditworthiness and relative value.
  • Limited exposure to macro risks (interest rates, currency)
  • Apply macroeconomic and geopolitical overlay
  • Risk factor analysis guides portfolio exposures.
  • Active risk management and portfolio review
  • Average credit quality A/BBB
  • Currency: U.S. dollars
3Q24-GIA-Emerging-Markets-Debt-Fact-Sheet
Fact Sheet

Little Fixer Uppers
(Move Over Joanna and Chip)

No reason to build a new house if the neighbors have already done it for you. Meerkats are great at digging, but they typically just move in to burrows already dug by other animals, such as ground squirrels. They often have as many as 15 entrances and exits with all sorts of chambers and tunnels, some more than six feet deep. There are separate chambers for sleeping and going to the bathroom. A meerkat mob usually has several burrow systems and will relocate every few months.