Recent unprecedented action by central banks, notably the Federal Reserve on April 9th, has helped markets recover meaningfully. This has caused many investors to wonder, “What do we do next?” or, “Did we miss the rally?”

While the first quarter of 2020 was a devastating one for total returns in emerging debt, particularly given the effects of the coronavirus (Covid-19) and the oil price war, the market corrections that have ensued now offer attrac...

After a rough decade for commodities and commodity producers, we see resource companies trading at record low valuation levels relative to the broad equity market on some measures.

We believe that getting the country call right is the most important decision when investing in Emerging Market equities. Over the last 10 years, top-down (i.e., country and sector) Value has outperformed in these markets, even as...

As Covid-19 continues to dominate headlines around the world, we have been working to develop a methodology that will help us position our portfolios as we deal with the current and coming shocks to Emerging Market economies. We b...

Before the current downturn, the market was offering up very attractive relative equity opportunities as some pockets of the market were much cheaper than others.

Along with risk assets across the board, the high yield market is currently undergoing a dislocation the magnitude of which occurs only once every decade. Uniquely for high yield credit, returns can be scenario-tested based on dis...

While it is, of course, a cliché to say that markets are driven by fear and greed, like many clichés this one contains a strong element of truth. The bad news for us humans is that within our brains, emotion appears to have primac...