Investment Overview

A flexible approach to investing beyond benchmarks and across the full spectrum of 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 flexibility to invest across local and external, sovereign and corporate exposures.
Target excess return: 200-300 basis points
Tracking error range: 300-600 basis points
Information ratio target: 0.6-1.0
 

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.
Developed market interest-rate risk (U.S. and German) and currency risk (EUR/USD exchange rate) are hedged.

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


Brian Shaw, CFA

Portfolio Manager

14 years of industry experience

11 years at Eaton Vance

MBA, University of Chicago

BA, Vanderbilt University


 

Benchmark

Benchmark: J.P. Morgan EMB (JEMB) Hard Currency/Local currency 50-50