Investment Overview

A short duration, credit focused approach to hard currency (external) emerging markets debt
Investment team of 40+ professionals focus on country-level analysis in conjunction with associated risk factors
Investment universe of greater than 100 countries
Country-pickers approach with focus on external, sovereign exposure
Target excess return: 200-300 basis points
Tracking error range: 200-500 basis points
Information ratio target: 0.4-1.3
 

Portfolio Construction

Bottom-up portfolio construction by country and risk factor in conjunction with top-down risk measurement.
Individual positions assessed through analysis of country fundamentals, risk factor valuation, portfolio fit, and expected liquidity.

Investment Team

Marshall Stocker, PhD, CFA

Co-Director of Emerging Markets

22 years of industry experience

8 years at Eaton Vance

PhD, Universidad Francisco Marroquin

MBA, Cornell University

BS, Cornell University


John Baur

Co-Director of Emerging Markets, Portfolio Manager

17 years of industry experience

17 years at Eaton Vance

MBA, Cornell University

BS, Massachusetts Institute of Technology


Akbar Causer

Portfolio Manager

16 years of industry experience

4 years at Eaton Vance

MBA, Harvard Business School

BA, University of Pennsylvania


Federico Sequeda, CFA

Portfolio Manager

11 years of industry experience

10 years at Eaton Vance

BA, Dartmouth College


 

Benchmark

J.P. Morgan Emerging Market Bond Index Global Diversified