Emerging Markets

Emerging Market Hard Currency Corporate Debt

Strategy managed against a variety of EMD hard currency corporate benchmarks from key index provider

30 June 2020

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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The views expressed in this material are the views of the EMEA Fixed Income Specialists of State Street Global Advisors’ Global Fixed Income Group through the period ended 30 June 2020 and are subject to change.
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