EMERGING MARKETS BONDS OFFER IMPROVING CREDITS, HIGHER YIELDS, AND DIVERSE ESG OPPORTUNITIES

September 3, 2021

One of the biggest challenges for investors since the global financial crisis has been finding income.

Despite more than ten years of continuous predictions that yields on U.S. Treasuries and other developed country bonds couldn’t possibly go any lower, they have. 

This week’s guest can help us. She is Kristin Ceva, Senior Portfolio Manager, directing Payden & Rygel’s nearly $14bn emerging debt strategies. She is also a member of the firm’s Investment Policy Committee. The independent global investment advisor oversees $145.5bn in assets, largely in fixed income for institutional clients but has a broad lineup of mutual funds as well. It is also an active participant in ESG (Environmental, Social and Governance)  investing which we will discuss.  

Ceva has managed its Payden Emerging Markets Bond Fund since 1998. 

Emerging market (EM) debt is a large, diverse, and evolving investing universe which is sorely underrepresented in most individual portfolios. I’ll begin the interview by asking Ceva to bring us up to speed on the state of the EM fixed-income markets and what investors need to know about the opportunities it presents

WEALTHTRACK Episode #1810; Originally Broadcast on September 03, 2021

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KRISTIN CEVA

ACTION POINT


CONSIDER INVESTING IN AN EMERGING MARKETS BOND FUND

Emerging markets fixed income markets

  • Huge and diverse
  • Undervalued vs developed markets
  • Offer much higher yields
  • Provide portfolio diversification

BOOKSHELF

ONE INVESTMENT

FLEXIBLE INCOME OPPORTUNITIES

  • Own a blended emerging market debt fund
  • Able to follow opportunities across emerging markets’ 3 asset classes:
    • dollar pay sovereigns (government debt)
    • dollar pay corporates
    • local currency bonds

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Kristin Ceva from the WEALTHTRACK Archives:

WEB EXTRA

ESG SOVEREIGNS

Socially responsible investing is a fast-growing trend that more corporations are paying attention to. Their adherence to ESG (Environmental, Social, and Governance) standards can affect the price of their stocks and bonds. However, most government issuers of debt have been slower to commit. Veteran emerging market debt portfolio manager, Kristin Ceva is working to change that.

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