Brazil: Economic Transition Creates Potential Opportunity
The country’s fiscal and monetary policies appear conducive to long-term economic growth.
January 03, 2017
An international fixed income strategy investing in emerging market opportunities. The strategy typically invests in local currency government and corporate fixed income securities.
The investment team dynamically manages the strategy’s allocation across the three key levers of foreign currency, interest rates and credit. The team employs an investment process that combines top-down macro analysis with bottom-up emerging market country and credit analysis while separating views with respect to those three levers. Through our top-down macro process and bottom-up credit research, the team seeks to opportunistically manage country, sector and security levels
As a result, this allows the team to potentially enhance yield and total return as well as effectively manage risk. The team diversifies investments across the entire emerging markets spectrum with targeted risk budget exposures across these opportunities. Often countries with less wealth have the greatest aspirations, and that’s where in our opinion transformative growth is occurring. Understanding these economies requires local knowledge and local information. To recognize the opportunities, we believe you need to look past the short-term volatility and see the bigger picture.
For a suite of investment vehicles beyond mutual funds, please visit OFIglobal.com. OFI Global Asset Management™, an OppenheimerFunds company, delivers the firm’s investment expertise and solutions to institutional and high-net worth investors.
Hemant Baijal is co-head of the Global Debt team and a portfolio manager of the International Bond strategy, the Multi Sector Income strategy and the Emerging Markets Local Bond strategy.
Wim Vandenhoeck is a portfolio manager on the Global Debt Team and is a co-portfolio manager of the Emerging Markets Local Bond strategy. Prior to joining the Firm, Mr. Vandenhoeck was at APQ Partners based out of London, UK where he was a partner. Prior to that, he was an Asset Manager at GLG Partners LP in London, a partner at Six Seasons Global Asset Management in NY, NY and a partner at Aravali Partners, in New York City.