Emerging Markets Local Currency

Reasons to consider:

  • Actively invests in local currency-denominated fixed income across global emerging markets to generate additional return through currency appreciation.
  • Has the freedom to invest in both sovereign and corporate debt.
  • Despite short-term volatility, many local currencies expected to see long-term appreciation against the US dollar as their economics continue to experience faster per capita growth.
  • Risk diversification away from US dollar-denominated EM debt.