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.

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

US-China decoupling tops my list of investable themes
When it comes to the US and China "decoupling" from one another, Macro Strategist Santiago Millan thinks investors should be more attuned to what to buy than what to sell.
September 2020
US-China decoupling tops my list of investable themes
,
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.
September 2020
Climate change and emerging markets: assessing opportunities and challenges
,
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.
August 2020
Emerging markets: navigating opportunities and risks in today’s crisis
,
US-China frictions: reading between the headlines
We highlight the escalating conflict between the US and China and discuss potential investment implications.
August 2020
US-China frictions: reading between the headlines
,
A is for allocation: the rationale for increasing exposure<br> to China
Allocations to China equity are widely recommended, but how much is appropriate and why? We consider several reasons why this may make sense for offshore investors.
June 2020
A is for allocation: the rationale for increasing exposure
to China
,
EMs join QE club: the context you need
Emerging markets (EM) central banks across the globe have recently unveiled asset purchase programmes loosely referred to as “quantitative easing (QE)”. Our macro team takes a closer look and considers potential investment implications.
June 2020
EMs join QE club: the context you need
,
Emerging Local Debt – Advanced Beta: the potential to mitigate risks in today’s crisis
In this volatile environment, learn why we believe an advanced beta approach to ELD investing can significantly improve upon the risk profile of traditional ELD beta.
April 2020
Emerging Local Debt – Advanced Beta: the potential to mitigate risks in today’s crisis
,
EM equity: investing with conviction in trying times
For emerging markets investors, navigating COVID-19 at this point may be more about asking the right questions than having the answers. Equity Portfolio Manager Greg Mattiko describes how he's adapting his crisis playbook to meet today's unique challenges.
April 2020
EM equity: investing with conviction in trying times
,

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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