EM Debt: Three unique expert viewpoints

Presented by

Patrick Esteruelas, Emso AM | Bryan Carter, HSBC AM | David Furey, SSGA | Martin Hurst, IPE

About this talk

SSGA: Allocating to an index strategy in EMD HSBC AM: Sovereign engagement Emso AM: Deciphering the political risk premium Our panelists and an overview of their presentations David Furey, head of fixed income strategists, EMEA, SSGA: Traditionally, EM debt has been viewed as too complex or illiquid and therefore better suited to active management. However, the structure of EM debt markets has grown and developed significantly in recent years with notable improvements in pricing and transparency. Techniques to track the performance of EMD indices have also evolved, allowing skilled managers to now track index performance consistently and more cost-effectively. We will provide our perspective on these developments and why an allocation to an index strategy in EMD makes sense for investors today. Bryan Carter, head of EM Debt, HSBC AM: EMD managers are accelerating the integration of ESG factors and objectives into their investment strategies. But what is better, fundamental ESG research or quantitative implementations from ESG data providers? We will discuss the latest thinking on engagement with issuers for advanced ESG portfolios and how fundamental sovereign research affects ESG outcomes. Patrick Esteruelas, head of global research, Emso AM: EM credit index performance tends to hide remarkable variance and dispersion under the hood, as we can see once again this year with names like Zambia, Ecuador and Oman significantly outperforming the index while names like Belarus, El Salvador and China property names have done much worse than average. The common driver across all these names is political risk. We will discuss our approach to deciphering political risk premium as a key input to understanding credit valuations and unlocking alpha
Related topics:

More from this channel

Upcoming talks (1)
On-demand talks (283)
Subscribers (67164)
This webcast channel is for pension funds and other institutional investment professionals in Europe, the USA and Asia. It is particularly relevant for pension fund executives, trustees, consultants and investment managers. IPE will be bringing its community live interviews with leading figures in the market, hosting roundtable discussions on specific topics such as asset allocation and also sharing latest thought-leadership from investment experts.