In this quarter’s edition:
Portfolio positioning highlights: An overview of our positioning in a selection of countries, currencies and sectors.
Topic of the quarter:
Insight from Peter Eerdmans, Portfolio Manager, on the role of ESG in emerging market debt. Environmental, social and governance (ESG) factors are playing an increasingly important role in financial analysis. In one form or another we have incorporated ESG analysis into our government bond research from the inception of our investment process. This reflects the realities of emerging market investing, where governance and social factors can have a much bigger impact on financial returns than in developed markets.