August 28, 2023

Episode 157: Investing in Emerging Market Debt Using a Mosaic Approach

29 minutes

In this episode of the InsuranceAUM.com podcast, Stewart Foley, CFA, is joined by Polina Kurdyavko, Head of Emerging Market Debt and Senior Portfolio Manager at RBC Global Asset Management's BlueBay. Polina shares her insights into the dynamic and evolving world of emerging market fixed income, discussing the appeal of the asset class, its growth trajectory, and its significance in today’s global financial landscape. With over $11 billion in EM assets under management, Polina explains how emerging markets offer unique opportunities for investors, particularly through a focus on engagement with policymakers and corporate management in these regions.

Polina also delves into the structure and complexity of EM debt, covering the four main subcategories, including hard currency and local currency bonds. She highlights how emerging markets have matured, offering credit quality that rivals more developed markets, and shares her thoughts on the current investment environment, liquidity, and lessons learned from previous crises. This episode offers a deep dive into EM fixed income and valuable insights on navigating these markets for better risk-adjusted returns.

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