Emerging Markets Fixed Income

Rigour finds the hidden gems

EM bonds managed firmwide

USD 34 B

Countries rated by our fixed income analysts

80

Number of dedicated EM debt investors

33

Overview

Our emerging markets fixed income approaches are built on a combination of expertise and collaboration. A long history of investing in emerging markets and a culture of sharing ideas across our deep investment platform give us an edge when evaluating emerging sovereign and corporate debt opportunities.

Broad and deep research
Global lens
Collaboration
Broad and deep research

Our experienced team of dedicated emerging markets fixed income investors and credit analysts generates ratings on over 80 emerging countries and covers nearly 400 emerging corporate issuers.

Global lens

We believe that taking a global perspective is critical when investing in emerging markets. Strong connections between emerging and developed markets mean that outside events can often be big drivers of emerging markets’ performance.

Collaboration

Collaboration between colleagues specialising in equities, fixed income, commodities, currencies, macroeconomics and ESG provides global context and helps our investors build a well-rounded picture of the emerging markets fixed income landscape. To form a holistic view of emerging markets issuers, our credit and equity analysts often have joint meetings with company management teams and key policymakers.

Our Heritage

  • 1999

    We launch our first dedicated emerging markets debt approach, which forms the foundation of our emerging markets fixed income platform

  • 2006

    We develop an opportunistic approach to give clients added flexibility and help them take advantage of opportunities across emerging markets sectors

  • 2007

    Continuing to grow with the market, we expand into emerging local debt, offering our clients exposure to both interest rates and currencies

  • 2009

    We establish an emerging markets blended approach to suit clients wishing to delegate sector allocation to a dedicated specialist

  • 2011

    We launch a dedicated emerging markets corporate debt approach, offering our clients greater diversity within their emerging markets allocations

  • 2015

    For investors looking to take a more strategic approach to emerging local debt with a focus on risk-adjusted returns, we create our first emerging markets advanced beta strategy

  • Today

    We offer a full range of strategies across the emerging markets landscape to meet investors' needs, including hard currency, local currency and corporate emerging debt

Our fixed income funds seek out the hidden gems



Emerging Local Debt Fund

Combining a quantitative framework with fundamental analysis to uncover opportunities in local interest-rate and currency markets

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Blended Opportunistic Emerging Market Debt Fund

Blending best ideas across the Emerging Markets Debt spectrum to pursue compelling opportunities

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View our suite of emerging markets funds

VIEW FUNDS

Investors should consider the risks that may impact their capital. The value of your investment may become more or less than the amount you initially invested.

Jim Valone video still

EMERGING MARKETS DEBT AT WELLINGTON MANAGEMENT

In-depth research is key when investing in an asset class as diverse and multi-faceted as emerging markets debt. Wellington’s emerging debt specialists explain how they bring together multiple perspectives to track market dynamics and identify alpha opportunities outside the mainstream.

EMERGING MARKETS INSIGHTS

Is it China’s world and we’re just living in it?
The short answer is no, but it’s not completely hyperbolic to suggest we could be heading in that direction longer term. Macro Strategist Santiago Millán explains and highlights implications for investing in Chinese assets.
Read more
February 2021
Is it China’s world and we’re just living in it?
,
Santiago Millán
 CFA
Emerging markets: politics and elections in 2021
Macro Strategist Tushar Poddar looks at the emerging markets political landscape for 2021 and some of its broader implications.
Read more
February 2021
Emerging markets: politics and elections in 2021
,
Tushar Poddar
 PhD
Shorting stocks in China: the emerging opportunity
Two of our emerging market investors explain why shorting appears to be at an inflection point in the world's second largest equity market, where idiosyncratic conditions may offer a unique environment for generating alpha and diversifying risks.
Read more
January 2021
Shorting stocks in China: the emerging opportunity
,
Soonki Kook
 CFA
Jamie Rice
 CFA
EMs: With great challenges come great opportunities
From health and wellness to climate change and more, the COVID-19 crisis has spawned or accelerated compelling investable themes across a range of EM countries. Against that backdrop, four of Wellington’s EM equity portfolio managers share their latest insights.
Read more
October 2020
EMs: With great challenges come great opportunities
,
Multiple authors
Tracking the green transition in emerging markets
COVID-19 has ratcheted up environmental debates across emerging markets and highlighted the intersection of those concerns with local supply chains and infrastructure gaps. Equity Portfolio Manager Liliana Castillo Dearth looks at China as a case study.
Read more
October 2020
Tracking the green transition in emerging markets
,
Liliana Castillo Dearth
Allocating to China — a deeper dive by asset class
Learn why we believe there is a strong case for increasing allocations to China across multiple asset classes.
Read more
October 2020
Allocating to China — a deeper dive by asset class
,
Cara Lafond
 CFA
Climate change and emerging markets: assessing opportunities and challenges
Emerging markets are on the front lines of climate change. Aware of the challenges, many EM companies are developing solutions, shifting business models and realigning corporate policies to help them prepare. Two of our EM portfolio managers share insights on the investing landscape and offer a framework for incorporating climate-related themes into a portfolio.
Read more
September 2020
Climate change and emerging markets: assessing opportunities and challenges
,
Simon Henry
 CFA
Dáire Dunne
 CFA
Wendy Cromwell
 CFA
Emerging markets: navigating opportunities and risks in today’s crisis
We explore today's key emerging markets themes including the impact of COVID-19, China's evolving global relationships and an increased focus on sustainability.
Read more
August 2020
Emerging markets: navigating opportunities and risks in today’s crisis
,
Dáire Dunne
 CFA
Niraj Bhagwat
 CA

Past performance is no guarantee of future performance and can be misleading. Funds returns are shown net of fees.
Source: Wellington Management

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Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk. The price and value of investments is not guaranteed and can go down as well as up. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. If an investor is in any doubt as to the suitability of an investment in a fund, an investor should consult an independent financial advisor. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds. An investor should only invest in a fund once that investor has carefully read and understood the offering documents for the relevant fund, which are the relevant prospectus, and Key Investor Information which contain further information on the risks and features of the fund, and the latest financial reports and any other offering documents for the fund which are available on this Website. Unless stated otherwise data is as at previous month end.

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