SLI’s House to discuss EM alternative approach in Milan
Richard House, head of Emerging Market Debt, Standard Life Investments will discuss the benefits of a structural allocation to Emerging Market Debt at InvestmentEurope‘s Fund Selector Bond Focus Italy in Milan.
“We believe EMD should be regarded as a structural component of a fixed income portfolio as opposed to a tactical allocation. The EMD asset class comprises close to 70 countries,” the manager will say.
“Government debt instruments are available in both local currencies and hard currencies (usually USD). In addition, there is a growing EM corporate asset class. Given this large and diverse opportunity set, at any one time there will always be a large number of compelling investment opportunities.”
SLI will also argue that unconstrained is the most appropriate approach to EMD investing. “By unconstrained we mean being selective in how we invest rather than being compelled to invest based on index composition. Selective in terms of which countries to own and which to avoid. Selective in terms of whether the most appropriate allocation within a country should be to its local currency, hard currency or corporate debt market,” the company says.
House has 21 years’ investment experience, with a focus on emerging market fixed income. Previous positions include five years as head of Emerging Market Debt at Threadneedle Asset Management where his role covered fund management responsibilities for the Threadneedle Emerging Market Bond Fund (AA rated by Standard and Poor’s and A rated by OBSR under his management). Richard has an honours degree in Economics and Computer Science and an MSc in Finance and Investment.
The event will take place at the Four Seasons Hotel in Milan on 5 March. See details in the box below.