Overview
• While being benchmark-aware, the strategy has the flexibility to invest beyond the benchmark to enhance potential returns and minimise risk over the medium to long term.
• Bond and currency decision making is separated, leveraging the expertise of our fixed income and currency experts.
• Idea generation is supported by our global macroeconomic research
Investment approach
Our process blends a top-down global macro perspective, with a tactical, bottom-up approach that selects better risk-reward portfolio constituents within the universe that fits the global macro views.
Our research aims to identify those global factors across currency, business and policy cycles that we believe are the major determinants for the emerging markets risk appetite, which ultimately define the appropriate relative exposure in terms of global duration and FX exposure for the strategy. The portfolio construction is based on a 3-pillars approach.
Investment approach
Research led
We blend a top-down global macro perspective, with a tactical, bottom-up approach that selects better risk-reward portfolio constituents within the universe that fits the global macro views.
Benchmark aware,
not constrained
We actively allocate risk across independent potential sources of alpha within a benchmark framework to create a robust and conviction-weighted portfolio.
Active currency decisions
We aim to build a more diversified exposure via currency baskets to provide a natural hedge for currency risk.
Emerging markets specialists
Our experienced team of investment professionals are highly regarded by some of the largest central banks, asset managers, sovereign wealth and hedge funds in the world for their orthogonal insights generated through original macroeconomic analysis and rigorous quantitative modelling.
Senior Portfolio Manager
Yasmine Ravai
Portfolio manager
Alan Wilson
Co-CIO
Fatih Yilmaz
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