INVESTMENT CAPABILITIES
Emerging Markets Debt Local Currency
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This strategy invests in local currency treasury and government-related emerging market bonds. Portfolios may be opportunistically allocated to emerging market corporate credit and hard currency (USD denominated) issues. The strategy is typically benchmarked to the JPMorgan Global Bond Index – Emerging Markets Global Diversified.
Why Mondrian for Emerging Markets Debt?
Some of the longest track records in the industry – also, some of the strongest
- Financially robust, employee-owned firm – longterm continuity and stability
- Stable, well-resourced team with expert knowledge of the asset class
- Disciplined process that has been shown to work over a long period
- Not reliant on “star managers” with potentially unrepeatable calls
- Nimble – manageable AUM and focused team means we can continue to rapidly exploit opportunities
- Comprehensive ESG integration and engagement – sovereign and corporate investment process awarded 5 Stars in the most recent PRI assessment*
- Competitive management fees
* 2021 PRI Assessment Scores: Investment & Stewardship Policy: 3 Stars; Direct-Listed equity-Active fundamental–incorporation: 4 Stars; Direct-Listed equity-Active fundamental–voting: 3 Stars; Direct-Fixed income–SSA: 5 Stars; Direct-Fixed income–Corporate: 5 Stars. Please refer to www.unpri.org for the PRI assessment methodology. Mondrian’s full Assessment Report and Transparency Report may be requested via the PRI Data Portal. PRI = Principles for Responsible Investments.
Performance
As of December 31, 2022
Mondrian Emerging Markets Debt Local Currency Composite (USD)
Mondrian Emerging Markets Debt Local Currency Composite (USD)
Mondrian Investment Partners Limited (“Mondrian”) claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. A GIPS Composite Report is available on request from mondrian.website@mondrian.com.
This introductory material is for informational purposes only and is not an offer or solicitation with respect to any securities. Any offer of securities can only be made by written offering materials, which are available solely upon request, on an exclusively private basis and only to qualified financially sophisticated investors residing in jurisdictions consistent with Mondrian’s regulatory authorizations. The information set forth herein is a summary only and does not set forth all of the risks associated with the investment strategy described herein.
As of December 31, 2022
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Mondrian Emerging Markets Debt Local Currency Composite (USD)
Mondrian Emerging Markets Debt Local Currency Composite (USD)
Mondrian Investment Partners/ JPMorgan
News and Insights
US Dollar Poised to Fall Sharply
Reading Time: 2 minutes One thing that prior episodes of dollar overvaluation have in common is that they did not last. In each case, the US dollar, as measured by its trade-weighted exchange rate against a basket of its peers, saw a massive depreciation over a multi-year period.
The Case for Local Currency Emerging Markets Debt
Reading Time: 6 minutes Emerging Markets Debt can complement traditional fixed income by enhancing long run returns and acting as an important diversifier within global portfolios.