Valentina Chen, Head of the Emerging Market Debt Team, shares the team’s thoughts on the emerging market fixed income landscape in this video commentary series.
“Historical data illustrates a more stable distribution of bond returns compared to equities. In our view, bonds are quite resilient and with far less risk relative to equities.”
Steven Friedman, Senior Macroeconomist, Head of the Macro and Quantitative Solutions Team
EM After Hormuz: Tail Risks Down, Selectivity Up
With immediate geopolitical risks easing, EM opportunities are becoming more selective—driven by reform momentum, policy credibility, and commodity-linked resilience.
PREVIOUS EPISODES
The Middle East Conflict and Its Implications
The Middle East conflict is driving oil and inflation, while credit remains contained. EM opportunity lies in differentiation: energy winners, reform stories, and oversold sectors.
Structural Change and Portfolio Alignment
Capital is moving—toward growth, productivity, and real economic expansion. Emerging markets are at the center of that shift. Allocations haven’t caught up.
The Power Shift to Emerging Markets
As developed market fiscal pressures rise, investors are rethinking traditional anchors. Emerging Markets fixed income is moving from diversifier to core allocation—offering yield, resilience, and improving fundamentals.
Emerging Markets: From Niche to Necessary
In a more multipolar global economy, Emerging Markets are becoming a core allocation—not a satellite. Watch our latest perspective
Emerging Markets - Opportunity Beyond the Headlines
In a shifting global landscape, Emerging Markets continue to offer differentiated sources of return. Watch our latest perspective on where opportunity lies.
A New World Order: Investing In the Multipolar Age
In today’s multipolar world, Emerging Markets are no longer peripheral—they’re essential.
EM Fixed Income: Selectivity Is the New Alpha
In the first installment of our EM Playbook series, we discuss how Emerging Markets fixed income has delivered strong returns YTD.