Die besten Schwellenländer Anleihenfonds - Seite 3

Hans Christian Backman, Portfolio manager and Emerging Markets strategist, "ISI Emerging Market Local Currency Bonds" (14.09.2011): "High compared to average credit rating. High vs. developed countries if you look at Debt/GDP, Budget surplus to GDP, Financing needs, GDP growth and demographics."

e-fundresearch: "Which are the most important elements in your investment process?"

Sébastien Unger, Senior Product Specialist for Fixed Income and Balanced Products, "Pictet-Emerging Local Currency Debt-P USD" (20.09.2011): "The most important element of our process is that we have a 2 stages process:
Stage 1 which enables us to assess the global temperature for taking risk and sets the tone for our country selection. In the second step and once a country is selected, the currency and the interest rates of that country are examined independently."

Ernesto Bettoni, Investment Spezialist Emerging Markets, "BNP Paribas L1 Bond World Emerging Local C C" (20.09.2011): "We have a qualitative investment philosophy where the quality of information and ownership of convictions gives us an edge in EM. We do not want our investments keep any secrets from us: an inquisitive approach and a “backpacking” style will enable us to generate superior returns. We also use proprietary fundamental research and quantitative tools as a starting point to feed our qualitative approach. We also use a Proprietary “Global Weather Station” which is a decision making tool that enables us to assess the speed of numerous global drivers affecting EM at the same time but with different intensities and consequences."

Jacob Elbækgaard Jensen, Portfolio Manager, "Jyske Invest Emerging Local Market Bonds" (20.09.2011): "Our investment process is very much focused on macro development. We have a monthly macro and strategy meeting in the Jyske Invest Fixed Income team. This gives us a top down approach. Given this scenario, we screen the GEM universe for investment opportunities that suits the current situation. We use in-house developed quant models for this screening purpose, as well as external ideas."

David Dowsett, Portfolio Manager, "BlueBay Emerging Market Local Curr Bd USD Base" (21.09.2011): "We are active managers and have a dynamic, research-driven approach which draws upon both top-down and bottom-up inputs. As part of our focus on absolute returns, both our long-only and long/short products use short positions (typically via FX, IRS or CDS) as one of a number of techniques designed to deliver absolute-style returns. We also have a strong emphasis on capital preservation and the use of derivatives helps us to maximise portfolio efficiency and minimise risk."