FIAM Emerging Market Debt

To help drive this strategy's investment performance, our team of emerging-market debt investment professionals relies on:

  • 20+ years of experience
  • Fidelity's in-depth proprietary research
  • Local market insight

Emerging Market Debt—Investment Process

Emerging Market Debt?Investment ProcessThree Steps to EMD PortfolioStep 1Step 2Step 3CountryResearchCountry SubPortfolioConstructionOverall PortfolioConstructionEMD PortfolioTop Down AnalysisIdentify UndervaluedSovereigns with PositiveCatalystsMore than 70 CountriesFundamental andQuantitative ResearchIdentifies AttractiveSecurities WithinCountries:• Corporate Credit Research• Yield Curve AnalysisOver 125 Sovereign/Quasi IssuersSeveral HundredCorporate IssuersDiversified PortfolioRisk ManagementGuidelinesSector ExposuresCountry ExposuresDuration ExposuresLiquidity ConsiderationsAt Least 2/3of Portfolioin Benchmark orBenchmark-LikeSecurities125—175 Issuers250—350 Issues

Key Facts

Inception date March 31, 2002
Style focus Combined top down and fundamental
Benchmark - Bloomberg Emerging Markets Aggregate USD Bond Index–10% Country Capped
- JP Morgan Emerging Markets Bond Index Global Diversified
Duration emphasis Neutral

Investment Philosophy and Approach

We focus our attention on areas of the market where we believe our resources have the greatest competitive advantage, seeking strong risk-adjusted performance by adhering to the following principles:

  • Emphasis on country valuation and security selection
  • Independent, broad-based fundamental research
  • Disciplined risk management
  • Team structure that facilitates multidimensional investment perspectives

Portfolio Managers

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