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 Institutional Asset Management B.V. (Dubai office) is regulated by the Dubai Financial Services Authority (“DFSA”) and only deals with Professional Clients and does not deal with Retail Clients as defined by the DFSA.
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 product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.