Hard currency corporate debt is a younger and fast-growing part of the EMD investment universe, offering investors significant diversification benefits and yield enhancement with a lower duration compared to hard currency sovereign debt. Hard currency corporate debt also provides the most diversified exposure in the asset class.
Our EM hard currency corporate strategies use sophisticated indexing techniques which aim to deliver the performance of EM hard currency corporate markets, as measured by EM Hard Currency indices.
State Street has a long-standing track record managing hard currency corporate debt as part of blended sovereign, corporate hard currency, and stand-alone portfolios. We have an in-depth knowledge and considerable expertise in the various indices and index providers in this space, including the flagship JP Morgan CEMBI Broad Diversified Index.
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