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.
Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.
The information contained in the Website is NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws. The value of the investments may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
In the UK, Robeco Institutional Asset Management B.V. (“ROBECO”) only markets its funds to institutional clients and professional investors. Private investors seeking information about ROBECO should visit our corporate website www.robeco.com or contact their financial adviser. ROBECO will not be liable for any damages or losses suffered by private investors accessing these areas.
In the UK, ROBECO Funds has marketing approval for the funds listed on this website, all of which are UCITS funds. ROBECO is authorized by the AFM and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.
Many of the protections provided by the United Kingdom regulatory framework may not apply to investments in ROBECO Funds, including access to the Financial Services Compensation Scheme and the Financial Ombudsman Service. No representation, warranty or undertaking is given as to the accuracy or completeness of the information on this website.
If you are not an institutional client or professional investor you should therefore not proceed. By proceeding please note that we will be treating you as a professional client for regulatory purposes and you agree to be bound by our terms and conditions.