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Emerging Markets Debt Blend

Strategy combines the best ideas across hard currency, local currency and emerging market corporate debt strategies utilizing an opportunistic allocation process

  • Seeks to maximize alpha drivers within sub-asset classes while opportunistically varying their exposure
  • Top-down insights and bottom-up research amplify the set of alpha sources available to the portfolio while mitigating downside risks
  • Highly experienced team—pioneers in emerging markets debt investing

Available as a mutual fund

Portfolio Managers (from left): Rob Drijkoningen, Gorky Urquieta, Jennifer Gorgoll,
Bart van der Made, Nish Popat, Raoul Luttik and Vera Kartseva

 

Investment Philosophy

Market mispricing allows managers to seek alpha opportunities through fundamental research.

  • Emerging markets debt is a generally improving asset class that is less efficient than developed debt markets
  • Active management is the best way for investors to access the full potential of the asset class
  • Bottom-up and top down expertise increases understanding of performance drivers and improves decision making quality
  • An emphasis on fundamental research is the best way to uncover the potential of emerging markets debt
 

Investment Process

Top-down and bottom-up approach with multiple alpha sources allocated opportunistically

1. Top Down Assessment of Global Market Conditions

Incorporates analysis of global economic drivers, individual country fundamentals, technical factors including supply and demand, and market pricing.

2. Bottom Up Country /Issuer Credit/ Local Rates and EMFX Review

Includes country credit worthiness, analysis of individual credits, assessment of currency drivers and analysis of local interest rate conditions.

3. Strategy Setting, Risk Management and Portfolio Construction

Team combines top-down and bottom-up inputs with risk management to create a model portfolio.

4. Portfolio Customization Process and Performance Evaluation
  • Ongoing process and performance evaluation.
  • Portfolios are adjusted for client-specific guidelines.
 

Established Multi-Site Approach

Our presence across three time zones near our investment universe allows us 24 hour-a-day market coverage, access to local in-depth knowledge research and timely execution of investment decisions.

Atlanta

Senior Portfolio Manager Industry Experience:
Gorky Urquieta – 20 Years
Jennifer Gorgoll – 16 Years

The Hague

Senior Portfolio Manager Industry Experience:
Rob Drijkoningen – 24 Years
Bart van der Made – 17 Years
Raoul Luttik – 19 Years
Nish Popat – 21 Years

Singapore

Senior Portfolio Manager Industry Experience:
Prashant Singh - 10 Years
Literature

Materials

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Management Team

Rob Drijkoningen

Co-Head of Emerging Markets Debt

26 Years of experience

3 Years with firm

Biography

Gorky Urquieta

Co-Head of Emerging Markets Debt

22 Years of experience

3 Years with firm

Biography

Bart van der Made

Portfolio Manager

19 Years of experience

3 Years with firm

Biography

Raoul Luttik

Portfolio Manager

21 Years of experience

3 Years with firm

Biography

Nish Popat

Portfolio Manager

23 Years of experience

3 Years with firm

Biography

Jennifer Gorgoll

Portfolio Manager

18 Years of experience

3 Years with firm

Biography

Vera Kartseva

Portfolio Manager

9 Years of experience

3 Years with firm

Biography

This material is intended as a broad overview of the portfolio manager's current style, philosophy and process. This material is presented solely for informational purposes and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were, or will be, profitable. Any views or opinions expressed may not reflect those of the firm as a whole. All information is current as of the date of this material and is subject to change without notice. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.

Neuberger Berman Investment Advisers LLC is a registered investment adviser. The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.