Active Management at Work in Emerging Markets Debt
October 3, 2013
The Emerging Markets (EM) bond space experienced significant changes in the last decade, surging in size, improving in quality, offering investors higher liquidity, transparency and potential for diversification. Given the great differences among EM, we believe that EM bonds could still offer potential attractive returns especially for active managers that can take a flexible approach in selecting single countries and single stories to play. At Pioneer Investments, we adopt an active management approach combined with a strong focus on research and risk management.