UBS Asset Management United Kingdom Please confirm you are a US resident to proceed.

UBS Emerging Markets Debt

Objective

Outperform benchmark by investing in a wide range of emerging market fixed income securities issued by sovereign, agency and corporate borrowers.

Benchmark

J.P. Morgan Emerging Markets Bond Index Global (EMBIG)

Investment philosophy

  • Discrepancies sometimes occur between securities' market prices and their fundamental values.
  • In the case of emerging markets debt, price volatility can exceed that of underlying macroeconomic fundamentals.
  • We seek to take advantage of these discrepancies by using a disciplined approach to estimate fundamental value.

Investment process

  • Credit Selection - In our price/value framework we search for bonds with the potential to deliver strong performance, given the firm's country and market views.
  • Risk Management - During portfolio construction we valuate potential trades within a risk management framework, which compares strategy to benchmark.
  • Feedback - Detailed analysis allows for us to measure the impact of every country and security decision made.

 

Fixed income strategies are primarily subject to all the investment risks associated with bonds and other fixed income securities. Bonds are subject to interest rate and credit risk. Strategies that invest in high yield bonds are subject to greater volatility and potential loss of principal. Strategies that invest in foreign and emerging market bonds are subject to special risks that are not normally associated with domestic investment, including possible adverse currency fluctuations and political, social and economic risks. There can be no assurance that any strategy will achieve its objective.