Stone Harbor Investment Partners, an independent global fixed-income investment firm focused on credit risk strategies and asset allocation, has launched the Emerging Markets Explorer Strategy, a concentrated, high conviction, unconstrained strategy in emerging markets debt.
The Emerging Markets Explorer Strategy is managed in a concentrated, total return style and primarily invests in fixed income securities selected from the emerging markets debt asset classes of hard currency sovereign debt, corporate credit, local duration and EM FX.
The Strategy will be managed by the Stone Harbor Emerging Markets team who have a long history of investing in emerging markets through various cycles and have experience in covering all aspects of emerging markets fixed income. The selection of investment ideas in the portfolio is driven by fundamental credit analysis, complemented by top-down macro views.
EM debt and currency markets currently offer a wide range of valuations and projected returns and the Strategy seeks to take advantage of this breadth at the country/security levels.
“The EM Explorer Strategy aims to provide opportunities for investing in improving credit stories, monetary policy cycles, attractive FX valuation themes and technically-related undervalued credit,” says Kumaran Damodaran, Portfolio Manager at Stone Harbor Investment Partners.
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