The Emerging Edge
Latest insights from our EM Debt team

Did you know…

  • T. Rowe Price has been investing in emerging markets since 1980
  • Our EM debt and equity analysts comprise 22 nationalities and speak 23 languages
  • We cover 75 countries across emerging and frontier markets
Featured Article

July 2021 / INVESTMENT INSIGHTS

How Weighing ESG Risks Adds an Edge in EM...

How Weighing ESG Risks Adds an Edge in EM Corporates

How Weighing ESG Risks Adds an Edge in EM...

Integrating ESG factors has the potential to provide a research edge

By Samy Muaddi

Samy Muaddi Portfolio Manager

May 2021 / INVESTMENT INSIGHTS

Complacency creates inefficiency in EM corpora...

Complacency creates inefficiency in EM corporates

Complacency creates inefficiency in EM corporates

Amid broad-based buying, markets have been paying less attention to issuer-specific...

By Siby Thomas

Siby Thomas Portfolio Manager

April 2021 / INVESTMENT INSIGHTS

The Resilience of EM Corporates

The Resilience of EM Corporates

The Resilience of EM Corporates

EM corporate bonds have had smaller losses and less volatility at times of market...

By Siby Thomas

Siby Thomas Portfolio Manager

March 2021 / INVESTMENT INSIGHTS

Seeking Alpha in Emerging Markets Corporate...

Seeking Alpha in Emerging Markets Corporate Debt

Seeking Alpha in Emerging Markets Corporate...

After a decade of strong performance, the asset class deserves a serious look

By Siby Thomas

Siby Thomas Portfolio Manager

March 2021 / INVESTMENT INSIGHTS

Why the Time Is Right to Consider Investing...

Why the Time Is Right to Consider Investing in EM Local Debt

Why the Time Is Right to Consider Investing...

It offers relatively high income potential and the prospect of capital gains

By Yoram Lustig, Michael Walsh & Niklas Jeschke

By Yoram Lustig, Michael Walsh & Niklas Jeschke

March 2021 / INVESTMENT INSIGHTS

China’s Economy: Recovery and Rebalancing

China’s Economy: Recovery and Rebalancing

China’s Economy: Recovery and Rebalancing

Emerging from the pandemic, an encouraging pathway for China’s economy

By Chris Kushlis

Chris Kushlis Credit Analyst

March 2021 / INVESTMENT INSIGHTS

When Emerging Market Debt Dances to the Inflat...

When Emerging Market Debt Dances to the Inflation Tune

When Emerging Market Debt Dances to the Inflation...

How higher oil prices could impact inflation and the asset class

By Multiple Authors

By Multiple Authors

Latest Analysis
Featured Videos

May 2021 / VIDEO

The Active Opportunity in EM Corporate Bonds

The Active Opportunity in EM Corporate Bonds

The Active Opportunity in EM Corporate Bonds

EM corporates are one of the last truly inefficient asset classes - good news for...

By Samy Muaddi

Samy Muaddi Portfolio Manager

April 2021 / INVESTMENT INSIGHTS

History, stability, cognitive diversity

History, stability, cognitive diversity

History, stability, cognitive diversity

In brief: three things that differentiate the Emerging Markets Corporate Bond Strategy

By Samy Muaddi

Samy Muaddi Portfolio Manager

March 2021 / VIDEO

Attractive Risk-Return Tradeoff in EM Corpora...

Attractive Risk-Return Tradeoff in EM Corporates

Attractive Risk-Return Tradeoff in EM Corporates

A history of equity-like returns, with a fraction of the volatility

By Samy Muaddi

Samy Muaddi Portfolio Manager

March 2021 / VIDEO

Why Now for EM Local Currency Debt?

Why Now for EM Local Currency Debt?

Why Now for EM Local Currency Debt?

Yield, valuation and diversification

By Andrew Keirle

Andrew Keirle Portfolio Manager

July 2020 / VIDEO

What’s driving Asia's booming consumption?

What’s driving Asia's booming consumption?

What’s driving Asia's booming consumption?

Positive tailwinds are changing EM for good.

By Chris Kushlis

Chris Kushlis Credit Analyst

February 2021 / VIDEO

How Can China Remain a Key Growth Economy?

How Can China Remain a Key Growth Economy?

How Can China Remain a Key Growth Economy?

Rising debt and trade wars among key challenges

By Wenli Zheng & Chris Kushlis

By Wenli Zheng & Chris Kushlis

July 2020 / VIDEO

Emerging Markets in the new decade

Emerging Markets in the new decade

Emerging Markets in the new decade

Why the future for EMs will be different from the past.

By Scott Berg & Andrew Keirle

By Scott Berg & Andrew Keirle

Fund Focus
RELATED FUND
SICAV
Class I USD
ISIN LU0207127753
This is our flagship hard currency emerging markets debt portfolio. It offers broad exposure across emerging markets debt, with a credit-orientated approach that is broadly representative of external sovereign and corporate markets. View More...
3YR Return
(Annualised)
4.95%
Fund Size
(USD)
$275.8m
Avg Coupon
5.36%
Avg Maturity
12.58yrs
Avg Duration
8.11 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU0310189781
A diversified portfolio of the local-currency denominated bonds of emerging market sovereign issuers. The strategy seeks to provide generally lower levels of credit risk compared to external bonds, with meaningful opportunities in terms of local interest rate cycle and emerging markets currency exposure. View More...
3YR Return
(Annualised)
4.47%
Fund Size
(USD)
$163.8m
Avg Coupon
6.65%
Avg Maturity
7.89 yrs
Avg Duration
4.99 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU0596126465
A diversified portfolio of typically 100 to 150 securities in mainly corporate bonds from emerging market issuers. We would expect the bulk of value added to come from security selection, with the rest from sector selection. We employ a long-term investment horizon, combined with low portfolio turnover. View More...
3YR Return
(Annualised)
7.64%
Fund Size
(USD)
$259.6m
Avg Coupon
5.13%
Avg Maturity
8.72 yrs
Avg Duration
5.81 yrs