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Emerging Markets Debt

Focused on driving returns through consistent, diversified alpha sources

We believe emerging markets debt is an inefficient asset class. Therefore, a disciplined investment process focused on downside risk management that efficiently allocates active risk can deliver long-term outperformance through consistent, diversified sources of alpha.

Investing in emerging markets debt is a core competency of our organization. We invested in our first non-U.S. security in the 1970s and formed a dedicated emerging markets debt team in 1997. Today, we are one of the largest managers of emerging markets debt1 and manage more than $12 billion in assets under management.2

Why Nuveen for emerging markets debt1

  • Size and scale
    • $12.7 billion in firmwide assets
    • 16-person team of PMs, analysts, and traders specifically focused on the asset class allows for a deeper understanding of the dynamics driving markets and the opportunity to uncover relative value
  • Early investor advantage
    • Nuveen’s dedicated EMD team launched in 1997
    • Sector PMs average 24 years of EMD investing experience along with 16 years with Nuveen
  • Expertise across the full spectrum of non-U.S. debt
    • Sovereigns
    • Corporates
    • Local currency
    • Frontier

 

Our capabilities

Emerging markets debt
Broad, diversified emerging markets debt strategy with exposure spanning hard currency sovereign, hard currency corporates with a modest allocation to local currency investments
Emerging markets impact bond
Hard currency emerging markets debt strategy that invests in issuers demonstrating environmental, social and governance leadership and are best positioned to address social and/or climate challenges, or securities that meet Nuveen’s proprietary fixed income direct and measurable impact framework
Emerging markets hard currency
Hard currency emerging markets debt strategy that invests primarily in sovereign and quasi sovereign issuers
Emerging markets local currency
Local currency emerging markets debt strategy that invests primarily in sovereign issuers
Emerging markets corporate
Emerging markets debt strategy that primarily invests in corporate and quasi-sovereign issuers across the quality spectrum
Emerging markets high yield
Emerging markets debt strategy that invests in a diversified mix of below investment grade sovereign, quasi-sovereign and corporate issuers
International bond
Non-U.S. bond strategy that invests in developed market and emerging market issuers across investment grade and high yield
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Aaron Enriquez, Chungwei Hsia, John Espinosa
Leadership team
John Espinosa
John Espinosa Head of Sovereigns, Portfolio Manager
Katherine Renfrew
Katherine Renfrew Head of Emerging Markets Corporates and Quasi-Sovereigns, Portfolio Manager
Bubeck, Karina
Karina L. Bubeck, CFA® Co-Head of Global Fixed Income Research, Portfolio Manager
Bao Vo
Bao Vo Head of Emerging Markets Debt Trading
Contact us
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London
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+44 20 3727 8000
201 Bishopsgate, London, United Kingdom

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

1 Pensions & Investments, 12 Jun 2023. Rankings based on active U.S. bonds, U.S. institutional tax exempt assets under management as of 31 Dec 2022 reported by each responding asset manager; updated annually.

2As of 30 Sep 2023

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Our Company

The information contained on this website is provided for educational purposes only and is not intended to be relied upon as a forecast, research or investment advice, is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. YOUR CAPITAL IS AT RISK. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. 

Products, services, or strategies shown may not be available in certain jurisdictions and/or to certain investors. Recipients should inform themselves about and observe any applicable legal requirements. This material does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction in which such solicitation is unlawful or to any person to whom it is unlawful to make such an offer. Any funds described herein are not for sale in the US or to US persons and are available under the conditions of the relevant offering document(s). If you are a US citizen or resident, please visit our website for US Financial Professionals or US Institutional Investors. Nuveen provides a range of products including investment advisory services, strategies, and expertise through its independent investment affiliates. Securities are offered through Nuveen Securities, LLC.

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