emerging market debt

Managed by Colm McDonagh

Sergio Trigo Paz is lead manager

TER of 0.42%

Re-rated to 'selective default'

Joining as senior portfolio manager

Slowdown only temporary

Uncharacteristically immune to global risks

With the global tide of the central bank stimulus injection soon to turn, only a few segments of the fixed income universe have enough spread cushion to absorb the shift to a post-QE era.

Many emerging market economies have strengthened, putting them on firmer footing for future growth. We believe valuations remain attractive but this asset class needs careful handling: investors should look for a quality-focused approach with risk mitigation...

Currency also a big risk