Emerging Country Debt Strategy

In this paper, we propose a novel approach to financing emerging countries’ transitions toward cleaner energy production.

Argentina and Ecuador have both struggled to recoup the confidence to once again borrow in international commercial debt markets. Are they simply incorrigible? We don’t think so.

How to invest in autocratic countries has long been an issue in EM. We offer a new way to build EM debt portfolios that prioritize democracy while preserving key characteristics of the asset class.

The recent proliferation of economic and financial sanctions in the marketplace has new implications for mutual fund investors that we believe warrant more careful analysis.

Though designed to maintain financial safety, we’ve found AT1s to be flawed instruments that are contingently junior to equity in practice.