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.
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.
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.
Robeco Capital Growth Funds (“the Funds”) are distinguished by their respective specific investment policies or any other specific features. Please read carefully for the risks of the Funds:
Investors may suffer substantial losses of their investments in the Funds. Investor should not invest in the Funds solely based on the information provided in this document and should read the offering documents (including potential risks involved) for details. Investment involves risks. Past performance is not indicative of future performance. The information contained in this website is provided for reference only and does not constitute any investment advice. Investors are advised to seek independent advice before making any investment decision. Please refer to the relevant offering documents for details including the risk factors before making any investment decisions. This web page is published by Robeco Hong Kong Limited and has not been reviewed by the Securities and Futures Commission. You must read the above information before proceeding. By clicking the “I AGREE” button below, you acknowledge that you have read the relevant risk disclosure statements.