Hard Currency

Actively managed, research driven strategy targeting excess return over the JPM EMBI Global Diversified Index. Strategy invests in hard currency sovereigns and quasi-sovereigns with opportunistic allocations to hard currency corporates, local rates, and FX. Strategy seeks to generate 40% of its excess return from country selection, 40% from security selection, and 20% from opportunistic positioning.

Hard/Local Blend

Actively managed, research driven strategy targeting excess return over a blend JPM EMBI Global Diversified & GBI–EM Global Diversified Indexes. Strategy seeks to invest 50% in hard currency sovereigns and quasi-sovereigns and 50% in local rates and FX with opportunistic allocations to hard currency corporates. Strategy seeks to generate 40% of its excess return from country selection, 40% from security selection, and 20% from opportunistic positioning.

Local Currency

Actively managed, research driven strategy targeting excess return over the JPM GBI EM Global Diversified Index. Strategy invests in local currency sovereigns and FX with opportunistic allocations to hard currency corporates, sovereigns, and quasi-sovereigns. Strategy seeks to generate 45% of its excess return from FX, 30% from country selection, and 25% from security selection.

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