Why a blended approach?

Lower debt, superior yields and a strong long-term growth outlook make EM economies attractive to bond investors on an absolute basis and relative to developed markets.

We examine the relative merits of a best ideas vs. a fund-of-fund approach to EM debt and explain why we think the potential benefits of the asset class can best be gained from a best ideas blended debt strategy that tracks a blended benchmark, dynamically shifts its asset allocation and does not contain disproportionate hard currency debt exposure.

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