Established expertise in emerging market debt (EMD), managing over US$13 billion*, as of 31 December 2019, for our clients. We offer a range of EMD strategies that span the EMD universe; from benchmarked, hard currency sovereign, hard currency corporate and local currency sovereign strategies as well as total return strategies.
Our flexible investment approach seeks to identify and capture the diverse opportunity set available in emerging markets. By fostering collaboration between globally integrated teams, we maximise the potential for differentiated idea generation. The consideration of macroeconomic, fundamental, valuation and technical factors helps in seeking consistent performance through market cycles. Our disciplined focus on the balance between risk and opportunity helps us to deliver strong risk-adjusted returns.
*Source: Aviva Investors, as at 31 December 2019.
Pursuing superior risk-adjusted returns
Potential for attractive, sustainable returns from some of the world’s most dynamic economies.
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Emerging market debt strategies
Strategies referred to may not be available in all jurisdictions.
Emerging market debt team
Head of Emerging Market Debt and Portfolio Manager, EM Local Currency
Deputy Head of Emerging Market Debt and Portfolio Manager, EM Hard Currency
Portfolio Manager, Emerging Market Local Currency Debt
Portfolio Manager, EM Hard Currency
EM Sovereign Analyst
Explore our fixed income range
Aviva Investors Multi-Strategy (AIMS) Fixed Income
An outcome-oriented fixed income strategy with a focus on diversified sources of return and downside protection.
A range of strategies that aim to capture the full potential of high yield bond markets whilst protecting downside risk.
Investment grade credit
A range of strategies that utilise portfolio construction to deliver positive excess returns throughout the credit cycle with active integration of ESG factors and coordinated company engagement.
A range of strategies offering the potential for uncorrelated returns, portfolio diversification and low volatility in either a long-only or absolute return context.
Fixed income views
The COVID Nudge
28 Jan 2021
In these data visualisations, we look at whether COVID-19 will achieve something that millions spent on public health campaigning has failed to do.
The next frontier
25 Jan 2021
Despite a torrid few months, frontier bond markets still have an important role to play in investors' portfolios.
Prospect of IMF-led reforms attracts debt investors to Africa
25 Jan 2021
Countries in receipt of IMF support often see rapid economic improvements. But local knowledge is crucial for bond investors chasing the ‘IMF trade’, says Carmen Altenkirch.
What a carve up! The future of the internet
22 Jan 2021
Commercial and geopolitical forces are threatening to fracture the internet into competing regimes, making it harder for companies to operate across borders and potentially limiting their growth. We explore the implications for investors.
Investing for impact in private debt to combat climate change
21 Jan 2021
Impact investment strategies will have an important role to play if the green credentials of the world’s stock of real estate is to be transformed, argue Gregor Bamert and Stanley Kwong.
The path for oil and gas after COVID-19
20 Jan 2021
Post-COVID recovery initiatives from governments are increasingly taking a green path, but the response of oil and gas companies so far runs from denial to complete reinvention. Should they continue pumping oil for as long as they can to avoid destroying capital for investors, or do they need to accelerate efforts to future proof their businesses now?
Our annual letter to company chairpersons
15 Jan 2021
As part of our engagement efforts, every January we send a letter to the chairs of companies we invest in (and some we don’t, but still want to use our influence with) to set out our stewardship priorities for the year. Here, in full, is our 2021 letter.
Issuance, support from equities and volatility: The outlook for convertible bonds in 2021
18 Dec 2020
Shawn Mato, convertible bond fund manager, picks three themes that could have a big say in how the asset class performs in 2021.
Zombie revival, improving fundamentals and monetary policy: The outlook for high yield in 2021
17 Dec 2020
Kevin Mathews, Brent Finck and Sunita Kara, high yield portfolio managers at Aviva Investors, pick out three themes that will shape the asset class in 2021.
Stimulus, M&A and US politics: The outlook for investment grade credit in 2021
17 Dec 2020
Mike Cho and Jonathan Manning, investment-grade portfolio managers at Aviva Investors, look at the themes that will shape the asset class in 2021.
Chemical compounds: The good, the bad and the ugly
9 Dec 2020
After decades of secrecy, light is increasingly being shone on the potentially hazardous compounds produced by chemical companies. In the latest instalment of our editorial series, Link, experts from Aviva Investors’ credit, equities and ESG teams discuss the prevalence of chemicals in modern life, and how to balance usefulness and safety.
Sustainability in credit: Why ESG scores don’t tell the whole story
5 Nov 2020
ESG ratings are a helpful baseline to assess companies, but views on their ESG risks and opportunities can be honed – and sometimes corrected – through deeper research, trend analysis and meetings with company executives.
US Election 2020: Expect the unexpected
29 Oct 2020
As the US presidential election looms, we explore potential scenarios – from a Democratic “blue sweep” to a Trump re-election to a divided government – and assess the implications for investors.
Global high yield: Stimulus fuels the march of the zombies
27 Oct 2020
Zombie companies are the talk of the town. Will they limp on forever, storing up potential trouble for investors’ portfolios, or can they revive and thrive after the COVID crisis?
Home and leisure in a pandemic: Girls (and boys) still want to have fun
13 Oct 2020
From cinemas to cruises, the consumer-driven home and leisure sector was hit hard by lockdown restrictions. With economies reopening in a disjointed manner, some sub-sectors have rebounded quickly while others continue to struggle. Here, we look at how the pandemic is reshaping the industry and the implications for investors.
Fed’s policy shift may spell long-term trouble for bonds
23 Sep 2020
Bond markets have taken the recent shift in the Federal Reserve’s policy framework in their stride, partly because interest rates are now expected to stay lower for even longer. But they look vulnerable if the Fed can revive inflation.