Our analysis shows that much of the alpha generated by our global emerging market equity strategy comes from our top down analysis. Our fixed income proposition aims to leverage this expertise. We are different from other managers because we do not take a global perspective but rather look for relative value between individual markets. We believe this approach allows us to outperform in different market conditions.
Emerging market cash has delivered excellent risk-adjusted returns over the past 14 years. This is because of the high levels of interest rates paid to offset currency volatility. In fact, the ELMI+ has outperformed US Treasury returns in 9 out of 13 years. We expect this trend to continue and are well placed to capitalise on this with our track record in delivering alpha through excellent top down analysis.
We are different from other managers because we look for relative value between individual markets rather than take a global view. We think this means we can outperform across a full market cycle. Much of our global emerging market equity alpha comes from top down analysis and our fixed income proposition aims to exploit this expertise.
