Important legal information

The content displayed on this website is exclusively directed at qualified investors, as defined in the swiss collective investment schemes act of 23 june 2006 ("cisa") and its implementing ordinance, or at “independent asset managers” which meet additional requirements as set out below. Qualified investors are in particular regulated financial intermediaries such as banks, securities dealers, fund management companies and asset managers of collective investment schemes and central banks, regulated insurance companies, public entities and retirement benefits institutions with professional treasury or companies with professional treasury.

The contents, however, are not intended for non-qualified investors. By clicking "I agree" below, you confirm and acknowledge that you act in your capacity as qualified investor pursuant to CISA or as an “independent asset manager” who meets the additional requirements set out hereafter. In the event that you are an "independent asset manager" who meets all the requirements set out in Art. 3 para. 2 let. c) CISA in conjunction with Art. 3 CISO, by clicking "I Agree" below you confirm that you will use the content of this website only for those of your clients which are qualified investors pursuant to CISA.

Representative in Switzerland of the foreign funds registered with the Swiss Financial Market Supervisory Authority ("FINMA") for distribution in or from Switzerland to non-qualified investors is Robeco Switzerland AG, Josefstrasse 218, 8005 Zürich, and the paying agent is UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zürich. Please consult www.finma.ch for a list of FINMA registered funds.

Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco/Robeco Switzerland product should only be made after reading the related legal documents such as management regulations, articles of association, prospectuses, key investor information documents and annual and semi-annual reports, which can be all be obtained free of charge at this website, at the registered seat of the representative in Switzerland, as well as at the Robeco/Robeco Switzerland offices in each country where Robeco has a presence. In respect of the funds distributed in Switzerland, the place of performance and jurisdiction is the registered office of the representative in Switzerland.

This website is not directed to any person in any jurisdiction where, by reason of that person's nationality, residence or otherwise, the publication or availability of this website is prohibited. Persons in respect of whom such prohibitions apply must not access this website.

I Disagree
Emerging debt
Emerging fixed income

Emerging debt

Local currency emerging market debt benchmarked strategy

Key points:

  • Dynamic emerging market fixed income approach with diversified sources of performance
  • Integration and analysis of sustainability factors is key
  • Flexible allocations across local currency, sovereign and corporate debt

Philosophy

Our core investment philosophy is that emerging country fixed income and currency markets are inefficient and that market risk is regularly mispriced. This leads to a wide dispersion in the performance of emerging market assets, offering opportunities that can be exploited by a dynamic and unconstrained investment approach, based upon rigorous country analysis and the integration of Environmental, Social And Governance (ESG) criteria.

Process

The investment process starts with the top-down analysis of the global macroeconomic environment and market themes. These views determine the asset allocation between local currency bonds, hard currency sovereign debt, corporate credit and overall duration exposure. The next step is the bottom-up research to determine the country duration, currency positioning and issue(r) selection based on Robeco’s proprietary country and company research. Sustainability is important in this phase as it often is an early indicator of both future risk and potential investment opportunities.

Stay informed on our latest insights with monthly mail updates
Stay informed on our latest insights with monthly mail updates
Subscribe

Team

The strategy is managed within our Global Fixed Income Macro team that covers both developed and emerging markets. It benefits from the macro and country focus of this team. The emerging debt portfolio managers are together responsible for asset allocation strategies, duration and currency management, country allocation and yield curve positioning. They also benefit from the country and credit research expertise of the other fixed income portfolio managers, analysts and researchers.

Get in touch with us

Contact us if you would like to know more about this strategy.

Contact