Fixed income team

Emerging Markets Sustainable Blended Debt Strategy

Total return strategy focused on emerging markets with positive ESG dynamics

Rose quartz

Featured insight

Deliberating EM debt

Our EM debt team tackles the topics that are top of investors’ minds and provides insights for asset allocators currently deliberating EM debt.

Strategy overview

Investment Approach
Aims to generate improved risk-adjusted returns via a total-return, benchmark-agnostic approach. Places a heavy emphasis on proprietary, forward-looking ESG scores

Investment Opportunity
Core solution for sustainable EM debt exposure, seeking to tap into the best opportunities among countries with improving ESG trends

Investment Universe
Broad EM opportunity set, including hard currency bonds, FX and local rates, and green and sustainable bonds

Target Return
Outperform the performance comparison index (net of fees) over a full market cycle

Peter Eerdmans
Portfolio Manager
Grant Webster
Portfolio Manager
Nicolas Jaquier
Portfolio Manager

The role the strategy can play in portfolios

Sustainable EM debt exposure

Provides access to a wide range of opportunities across the EM debt universe with a focus on countries with improving ESG metrics

Diversified growth solution

In-house sustainable bond framework helps selection of best opportunities and most robust sustainable instruments

Access to EM's yield pick-up

Aims to harness EM debt's yield pick-up and exploit the broad array of relative-value opportunities

Cost-effective and efficient solution

Bottom-up approach selects individual best ideas to achieve desired asset allocation, avoiding excessive trading

Investment Philosophy

01

Sustainable investing in EMs can make a real difference: most people and natural wealth resides in EMs. EMs need to make most progress towards net zero

02

Focusing on better ESG dynamics does not mean sacrificing returns

03

Countries with improving ESG metrics will build more sustainable economies and will unlock higher productivity leading to outperformance of their assets

04

Proprietary analysis can lead to successful forecasting of future ESG trends, while engagement is necessary to help improve ESG metrics

Performance

Portfolio & Holdings

Date as of 30/04/2026
Strategy
Index
AAA
12.7
AA
3.6
A
19
BBB
31.4
BB
20.6
B
3
CCC
6.3
C
D
Not Rated
Cash and near cash
3.4
*Bond ratings are Ninety One approximations.
Based on a related portfolio within the strategy with substantially similar objectives, policies and strategies as those of the services being offered. The portfolio may change significantly over a short space of time. This is not a buy, sell or hold recommendation for any particular security. For further information on Indices and Specific Portfolio Names, please reference the sections here.

Why Ninety One for Emerging Markets Sustainable Blended Debt Strategy

01

Our EM heritage gives us a rich and differentiated perspective on this diverse opportunity set

02

15 years of ESG integration in our EM debt business is evidence of our culture of doing the right thing

03

Holistic approach ensures our top-down asset allocation is optimally expressed through our best bottom-up ideas

04

We aim to stay ahead of an evolving universe through our proprietary innovation to deliver strong client outcomes

Strategy literature

Key facts

  • Asset Subclass

    Sovereign & Credit

  • Currency

    USD

  • Inception date

    01/10/2021

  • Team

    Fixed income team

  • Geographical Focus

    Emerging Markets

  • ESG Classification

    Sustainable

  • Comparative Benchmark

    50% JPMorgan GBI-EM Global Diversified Net; 50% JPM EMBI Global Diversified

Contact our client service teams.

Get in touch

The content of this website is made available for informational purposes only and should not be construed as an offer, marketing, solicitation or investment advice with respect to any investment products or services. The website has not been reviewed or approved by any regulatory authority and may contain information with respect to investments products that may not be registered in some jurisdictions.

Although we believe any information obtained from external sources to be reliable, we have not independently verified it, and we cannot guarantee its accuracy or completeness (ESG-related data is still at an early stage with considerable variation in estimates and disclosure across companies. Double counting is inherent in all aggregate carbon data).

Any decision to invest in the Strategy described should be made after reviewing the offering document and conducting such investigation as an investor deems necessary and consulting its own legal, accounting and tax advisors in order to make an independent determination of suitability and consequences of such an investment. This material does not purport to be a complete summary of all the risks associated with this Strategy. A description of risks associated with the Strategy can be found in the relevant offering or other disclosure documents where applicable. Copies of such documents are available upon request.

Additional information on our investment strategies not found here (ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf) may be provided on request.

For more information on our Ninety One ESG Classification, please click here