OUR STRATEGIES | WILLIAM BLAIR EMERGING MARKETS CORPORATE DEBT STRATEGY

EMERGING MARKETS DEBT

William Blair Emerging Markets Corporate Debt Strategy

Combining Top-Down and
Bottom-Up Analysis

We believe a combination of bottom-up and top-down expertise deepens our understanding of performance drivers, improving the decision-making process.

KEY FEATURES AND POTENTIAL BENEFITS

Broad Exposure

Diversified portfolio of emerging markets corporate debt, denominated in major currencies (mostly U.S. dollars), with broad exposure to developing countries.

Integrated Risk Management

Proprietary ESG analysis integrated into disciplined risk-management approach.

Disciplined Investment Process

Combines bottom-up and top-down research to better identify performance drivers and alpha opportunities.

View All Our Strategies

VIEW ALL STRATEGIES

Featured Blog Posts

June 22, 2022

Emerging Markets Debt

Why Corporate Credit in an Emerging Markets Debt Portfolio?

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Corporates are becoming an ever more important part of emerging markets hard currency debt investments. In this video,...

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June 15, 2022

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Data Democratization Drives Change in Asset Management

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Rising to Meet the Climate Challenge

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Our society is in a race against time to decarbonize. As such, we spend a great deal of...

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Glossary

INDICES
The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM pass-throughs), asset-backed securities, and commercial mortgage backed securities.

The MSCI ACWI IMI Index is a free float-adjusted, market capitalization-weighted index that captures large, mid, and small cap representation across developed and emerging markets.

The MSCI ACWI ex-US IMI Index is a free float-adjusted, market capitalization-weighted index that captures large, mid, and small cap representation across developed and emerging markets, excluding the U.S. The Value and Growth Indices are a subset of the Index that adopt a framework for style segmentation in which value and growth securities are characterized using different attributes. Multiple factors are used to identify value and growth characteristics.

The MSCI ACWI Small Cap Index is a free float-adjusted, market capitalization-weighted index that captures small cap representation across developed and emerging markets.

The MSCI Emerging Markets Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of emerging markets.

The MSCI World Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of developed markets.

The Russell 2000 Index is a market capitalization-weighted index designed to represent the small cap segment of the U.S. equity universe.

Index performance is for illustrative purposes only. The indices are unmanaged, do not incur fees or expenses, and cannot be invested in directly.

TERMS
Alpha is a measure of an investment’s return in excess of the market’s return, after both have been adjusted for risk.

Beta is a measure of the volatility of an investment relative to the overall market, represented by a comparable benchmark.

Half-life is a statistical measure of the time required for the discrepancy between price and value to contract by half of its starting value. Fundamental value estimates are based on the Dynamic Allocation Strategies team’s proprietary research.

P/E Ratio is a measure of valuation which compares share price to earnings per share, calculated using estimates for the next twelve months.

Standard deviation is a statistical measurement of variations from the average.

QUANTITATIVE MODELS – FACTOR DEFINITIONS
The William Blair Earnings Trend Model captures information about short- and medium-term changes in analyst estimates in an attempt to anticipate future estimate changes and stock performance. The score combines measurements of earnings revisions, momentum, and earnings surprise.

The William Blair Valuation Model combines varying metrics used to characterize the relationship between the stock’s trading price and its intrinsic value. By going beyond using only one or two measures, the model attempts to build a more holistic version of a stock’s worth vis-a-vis the market. The score combines measurements of earnings/cash flow based, asset-based, and model-based factors.

FEATURED TOPICS

U.S. EQUITY

GLOBAL EQUITY

EMERGING MARKETS DEBT

GLOBAL MACRO

William Blair Emerging Markets Corporate Debt Strategy