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China Bond - Core

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Institutional Strategy > Fixed Income > China Bond - Core

China Bond - Core

Access opportunities in the second largest bond market through a core approach focusing primarily on liquid, high quality government and government-related bonds

  • Invests primarily in government and government-related bonds issued in PRC in local currency
  • Top-down interest rate and spread duration positioning with bottom-up curve management & instrument selection
  • Minimum ratings of A- based on international rating standards
  • Managed by an experienced emerging market debt investment team with local presence in Shanghai

Overview

Accesses opportunities in the second largest bond market through a Core approach focusing primarily on liquid, high quality government and government-related bonds.

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 County / Issuer Credit / Local Rates, EMFX Review

Includes fundamental analysis of issuers, integrates environmental, social and governance (ESG) scores, country credit worthiness and security analysis.

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.
 
 

Proven Multi-Site Approach

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

Asian Debt Hard Currency 

MANAGEMENT

Gorky Urquieta
Senior Portfolio Manager and Global Co-Head of Emerging Markets Debt
30 Years of Industry Experience
11 Years with Neuberger Berman
Rob Drijkoningen
Senior Portfolio Manager and Global Co-Head of Emerging Markets Debt - Head of Fixed Income Europe
34 Years of Industry Experience
11 Years with Neuberger Berman
Peter Ru
Deputy General Manager of Investment
30 Years of Industry Experience
6 Years with Neuberger Berman