Emerging Market Fixed Income

Active managers with the experience, specialist expertise, and breadth of skills needed in this diverse investment universe.

A differentiated approach to EMD

The Emerging Market Fixed Income team invests across sovereign debt, currencies, and corporate credit, bringing together deep regional and sector expertise. With roots in an emerging market and a pioneering role in local currency debt, the team offers a differentiated perspective on a diverse opportunity set. Two complementary sub-teams – Emerging Market Sovereign & FX and Emerging Market Corporate Debt – work closely to deliver consistent, risk-aware outcomes.

The team uses bottom-up, high-conviction ideas to build portfolios in line with top-down targets. A structured approach captures analyst views and manages risk, with country, currency, and corporate selection guided by scorecard rankings informed by qualitative insights and proprietary quantitative models.

Key facts

  • 30+ years investing in emerging markets, with EM roots
  • A pioneer of EM local currency debt investing
  • 70+ investment professionals managing c.US$64.9bn
  • Integrated platform spanning sovereign, FX, and corporate credit
  • Team still led by the founders of the capability

What do we believe?

  1. We are active managers and believe the large disparity of returns between countries provides opportunities for outperformance
  2. We believe three Compelling ForcesTM are key market drivers: economic fundamentals, valuation and market behaviour
  3. We believe regional and sector specialisation and comprehensive forward-looking research are the cornerstones of finding consistent alpha
  4. The investment team and its structure are as important as the process

Important Information

This communication is provided for general information only and should not be construed as advice.

All the information in this communication is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessarily reflect those of Ninety One.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

All rights reserved. Issued by Ninety One.

For further information on indices, fund ratings, yields, targeted or projected performance returns, back-tested results, model return results, hypothetical performance returns, the investment team, our investment process, and specific portfolio names, please click here.