The emerging markets opportunistic strategy is a concentrated, unconstrained, total return approach to investing in emerging markets debt, focusing on high-conviction ideas across asset classes, including sovereign credit, corporate credit, local duration, and foreign currency (FX).
Opportunities within this strategy may include:
- Improving credit stories
- Monetary policy cycles
- FX valuation themes
- Technically related undervalued credit
Stone Harbor’s emerging markets opportunistic strategy is intended to capture the expected return from the high-conviction positions held among the various EM debt portfolios that Stone Harbor manages. The allocations may vary significantly as Stone Harbor’s fundamental credit views, macroeconomic outlook, and valuations change.
Stone Harbor has been managing portfolios in the opportunistic strategy since 1995.