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Financial intermediaries?

We began investing in emerging markets in the mid-1980s. Since then, we have developed a range of fixed income and equity EM investment strategies, helping investors capitalise on the dynamism of the emerging world whatever their risk appetite. 

Strategies

Key Institutional Strategies

Sustainable Emerging Debt Blend

Invests across hard and local currency EM fixed income and currency with a strong focus on ESG. 

Strategy type: Emerging Fixed Income
Inception: 30 September 2019
Reference index: JP MORGAN ESG EMD SOVEREIGN HC/LC BLENDED USD (RID)

Download the quarterly strategy profile

Quarterly strategy profile

Benefits of this strategy

 Our Sustainable Emerging Debt Blend strategy gives exposure to the world’s fastest growing economies, with a long-term sustainability focus.
 It offers a dynamic asset allocation between hard and local currency debt.
 We believe it is an attractive solution for yield seeking investors.
 It benefits from the know-how of a dedicated team with over 20 years’ experience in Emerging Market Debt.

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Emerging Local Currency Debt

Invests across in local currency EM fixed income and currencies.

Strategy type: Emerging Fixed Income
Inception: 31 July 2006
Reference index: JPM EMBI GLOBAL DIVERSIFIED COMPOSITE ($) (RID)
Objective: The strategy seeks to outperform the JP Morgan GBI EM Global Diversified Composite Index 1-3% p.a.   

Download the quarterly strategy profile

Quarterly strategy profile

Benefits of this strategy

 Our Emerging Local Currency Debt strategy gives exposure to the world’s fastest growing economies, their currencies and their bonds.
 We believe it is an attractive solution for yield seeking investors.
 It shows low correlation with other asset classes.
 It also benefits from the know-how of a Dedicated team with over 20 years’ experience in Emerging Market Debt.

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Global Emerging Debt

Invests across in hard currency (US dollar based) EM fixed income.

Strategy type: Emerging Fixed Income
Inception: 30 November 1998
Reference index: JPM EMBI GLOBAL DIVERSIFIED COMPOSITE ($) (RID)
Objective: The strategy seeks to outperform the JP Morgan EMBI Global Diversified Composite Index by 1-3% p.a . through a complementary top-down assessment of the global risk environment and bottom-up country analysis. 

Download the quarterly strategy profile

Quarterly strategy profile

Benefits of this strategy

 Our Global Emerging Market Debt strategy gives exposure to the world’s fastest growing economies.
 We believe it is an attractive solution for yield seeking investors.
 It shows low correlation with other asset classes.
 The strategy provides protection against local currency variations by primarily investing in US dollar-denominated debt.
 It benefits from the know-how of a dedicated team with over 20 years’ experience in Emerging Market Debt.

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Bright landscape for Emerging Market Debt

EMD2

 

After a tough year for financial markets in 2022, emerging market bonds offer strong prospects for investors in 2023.

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Please select a representative fund from the list below to find out more

Fund size
Launch date

Emerging Market Hedge Funds

We believe the Emerging Market universe provides compelling alpha opportunities to deliver the uncorrelated returns investors are seeking. This is the element that underpins our hedge fund strategies. 

Liquid Global Macro Emerging Market Fixed Income (Sirius) - Managed by a specialist team out of our London office, this strategy is highly liquid and invests in a wide range of Emerging Market sovereign bonds, rates and FX instruments. The strategy has no directional bias or benchmark constraints and takes long/short positions through the use of derivatives. 

Greater China Long/short directional equities (Mandarin) - Managed out of Geneva and Hong Kong by a four-member team with local expertise, this strategy seeks to benefit from structural winners and losers created by China’s transition towards a consumption-driven, higher value added, more diversified economy.

Please select a representative fund from the list below to find out more

Fund size
Launch date

Emerging Market Equities

We began investing in global emerging equities in 1989 as we were early to recognise the investment opportunities in these rapidly developing markets. Since then, we have been managing a range of global, regional and country strategies for clients around the world.

Today, we have specialist investment professionals based in London, Hong Kong and Geneva.

Focus areas: Global Emerging Market (1991), Emerging Europe (1994), Asia ex Japan (1995), Indian equities (1996), Greater China (2003), Russian equities (2008), Emerging Market Sustainable equities (2010), EM High Dividend (2012).

Please select a representative fund from the list below to find out more

Fund size
Launch date

Contact us

Pictet Asset Management is a specialist asset manager offering investment solutions and services to investors around the world. Our mission is to build lasting partnerships with our clients by exceeding their expectations for investment performance and service.
Pictet map
Nordic countries
Moor House, Level 11, 120 London Wall London, EC2Y 5ET *Authorised and regulated by the Financial Conduct Authority (FCA).
Telephone
+44 207 847 5000
Emerging market heritage

Boasting economic growth above that of developed nations, emerging markets (EM) are a rich source of investment opportunities. Yet they remain under-represented in global indices. EM countries account for just 13 per cent of the MSCI All Countries World Index and only 3 per cent of global bond benchmarks - even though they generate 50 per cent of world GDP and corporate profits1.

It’s an anomaly we believe will gradually disappear. And as it does so, investors with allocations to EM bond and stocks stand to reap attractive rewards. 

Early movers in emerging markets

We were early to recognise the potential of EM assets, making our first equity investment in 1989, and expanding into bonds in the late 1990s. In the decades that followed, we developed EM dollar-denominated, local currency and corporate debt investment strategies. 

Since then, we have added to our capabilities, launching a liquid emerging-market long/short fixed-income strategy and, more recently, a sustainable EMD blend strategy.
Key milestones in the development of Emerging Market investing at Pictet Asset Management
timeline of emerging markets at pam
Source: Pictet Asset Management, data as at 30.09.2019

Responsible investing

Integration of ESG factors and sustainability risk have become the norm in our investment processes, including EM strategies.

We also manage sustainable EM equity and bond strategies, which focus investments in companies and countries with stronger governance, and cleaner operations and products.

Selected insights

Click below to read more about our Emerging Markets expertise
Our team

Research capabilities

We do not impose a single investment approach on our teams. Rather, we give them the freedom to develop compelling investment ideas that meet our clients' goals.

Our EM portfolio managers are supported by career research analysts, the Pictet Strategy Unit and our economist team. 

We have a dedicated EM equity research team based in our London office. In addition, we have research analysts embedded in our investment teams.

The Pictet Asset Management Strategy Unit (PSU) is the investment group responsible for providing asset allocation guidance across stocks, bonds, cash and commodities. The group is composed of economists, macro strategists, chief investment officers across asset classes as well as other senior investment managers.

The Economic Analysis team provides top-down analysis for investment teams including updates of economic activity, macroeconomic scenarios and themes with different time horizons, and specific indicators developed in-house.

Contact us

For more information on our emerging market expertise please contact your Pictet Asset Management representative or a member of the team via the contact details listed below.
Nordic countries
Moor House, Level 11, 120 London Wall London, EC2Y 5ET *Authorised and regulated by the Financial Conduct Authority (FCA).
Telephone
+44 207 847 5000