Emerging Markets Debt
Empowering investors with tailored emerging market debt solutions – where risk, return, and ESG excellence converge.
$4.0B
Assets Under
Management
2006
Managing dedicated EM
Credit and Local Currency portfolios for 20 years
31+
Average years of investment industry experience for the
portfolio management team
Numbers as of 09/30/2025
Why Emerging Markets Debt?
The asset class is an evolving & dynamic opportunity set offering exposure to the fastest growing economies in the global marketplace
$2.5T
market Cap
BBB-
average credit rating*
>4x
market value growth since 2007
740
issuers across 63 countries
2x
growth rate to that of developed markets
$230B
market cap in Green, Sustainable and Sustainability linked labeled bonds
*All dollar denominated debt
Source: The IMF, JP Morgan, as of 12/31/24.
Within the credit quality allocation, any cash and cash equivalents are assigned to an individual quality rating based on the long-term currency issuer/debt rating of the sovereign country.
Diversification does not ensure a profit or guarantee against a loss.
Our Philosophy & Investment Process
Historically, the spreads offered by Emerging Market corporates overcompensate investors for downgrade and default risk. We believe this emerging market risk premium can be extracted through rigorous fundamental analysis. Our team looks to issuer selection as the key to unlocking alpha in Emerging Markets.
Our research process is driven by a deep bench of sovereign and corporate credit analysts. Our analyst team underwrites every portfolio name and produces critical quantitative and qualitative research to support idea generation.
Given the complexity of the asset class the team applies a disciplined approach to portfolio construction. Our proprietary emerging market relative value and risk toolkit (ERV), developed in collaboration with Applied IQ, compliments our research based approach and serves as a comprehensive hub for relative value and risk analytics. Our portfolio management seeks to deliver durable portfolios aimed at meeting the distinct risk return objectives of our clients.
Decades of dedicated emerging market debt investment experience, a passion for getting it right and an authentic intellectual curiosity define the Emerging Markets Debt team.
Our Differentiators
A Dedicated Approach with a Global Perspective
With a 20 year Emerging Markets Debt (EMD) track record, our tenured portfolio managers have experience investing through multiple cycles and evolving market regimes.
Idea generation is supported by dedicated emerging market sovereign and corporate analysts. We embrace a global view with analysts located in Boston, London, and Singapore.
Distinct perspectives and a collaborative approach are core to the investment process.
Fundamentally Focused & Quantitatively Driven
As value investors, we employ a research oriented, bottom up investment philosophy. Our aim is to deliver the long-term premium potential offered by emerging markets.
Complex decision criteria across multiple vectors—region, country, and sector require a bespoke valuation and portfolio construction tool.
The quantitative toolkit, powered by proprietary, fundamental research, helps to drive the relative value and valuation process.
Elevating Sustainability
We see considerable opportunities for investments which align with ESG objectives, especially as it relates to the climate transition.
The incorporation of ESG factors is a natural extension of our research driven investment process.
The team’s deep ESG capabilities helps to empower our development of green and responsible investment solutions for clients.
“Emerging market debt offers a compelling blend of solid fundamentals, diversification, and spread premium along with exposure to dynamic growth engines.”
Portfolio Manager & Co-Head, Emerging Markets Debt
4 Strategies
| Strategy Name | Type | AUM | Inception Date |
|---|---|---|---|
| Asia Bond Plus Unhedged in USD | Fixed | $3 billion | 12/1/2018 |
| Emerging Markets Corporate Debt | Fixed | $3 billion | 5/10/2006 |
| Emerging Markets Corporate Debt – Investment Grade Plus | Fixed | $3 billion | 5/22/2015 |
| Emerging Markets Short Duration Credit | Fixed | $3 billion | 3/31/2014 |
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Loomis Sayles is named Emerging Markets Manager of the Year at the 2025 Insurance Asset Risk Americas Awards.
2025 Award: On October 9, 2025 Loomis Sayles was named Emerging Markets Manager of the Year at the 2025 Insurance Asset Risk Americas Awards. Asset managers can submit entries for the categories in which they would like to be considered. The top entries in each category are shortlisted and put through to a larger judging panel to determine the winners. There is one winner in each category. Awards are based on the preceding annual period. Loomis Sayles did not pay a fee to be considered for this award but compensation was provided for costs associated with the use of the award logo. Awards may not be representative of any one client’s experience. Awards are not indicative of any firm’s future performance.
Meet the Team
Team Resources
EM coverage powered by sovereign and corporate analysts and traders in Boston, London & Singapore.
Boston
Ramsey Andrawis, Global Macro Strategist
Sam Canelas, EM Credit Research Associate
Chris Frisoli, Senior EM Trader
Megan Giambanco, EM Credit Research Associate
Greg Hadjian, CFA, Global Macro Strategist
Steve Hoppe, Senior EM Trader
Tim Lambert, CFA, EM Credit Research Analyst
Saurabh Lele, CFA, Global Macro Strategist
Hassan Malik, CFA, Global Macro Strategist
Matthew Novak, CFA, EM Sovereign Analyst
Nada Oulidi, CFA, Senior EM Credit Research Analyst
Meredith Pallone, Senior EM Credit Research Analyst
Matthew Welch, CFA, Senior EM Credit Research Analyst
London
Willum Jessiman, EM Credit Research Analyst
Ksenia Mishankina, CFA, Senior EM Credit Research Analyst
Singapore
Zhi Wei Feng, Senior EM Credit Research Analyst
Kaimin Khaw, Global Macro Strategist
Jabez Liew, EM Credit Research Associate
Xinran Pan, Senior EM Credit Research Analyst
Adrian Saw, CFA, Senior EM Trader
Jeremy Teng, Senior EM Credit Research Analyst
Huani Zhu, Global Macro Strategist
Bo Zhuang, Global Macro Strategist
Thought leadership and insights from the team
Emerging Markets “Golden Era” Underpins Growth Story
With global banks frequently in the headlines, it’s important that credit investors recognize which factors are more likely to influence bond spreads[…]
EM Debt Outlook: Anticipated Durability Despite the Unknowns
Within the emerging market debt sector, portfolio manager Elisabeth Colleran points to ratings upgrades and demonstrated resilience as factors contributing to her[…]
Put Away the Broad Brush: Recognize EM Debt Distinctions
We believe blanket statements about the EMD debt universe should be a thing of the past. Read on to learn more.
Contact the Emerging Markets Debt Team
We’re looking forward to hearing from you.
Katy Palmer
Strategic Marketing Manager
Important Disclosures
This marketing communication is provided for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein, reflect the subjective judgments and assumptions of the authors only, and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. Investment recommendations may be inconsistent with these opinions. There is no assurance that developments will transpire as forecasted and actual results will be different. Information, including that obtained from outside sources, is believed to be correct, but we cannot guarantee its accuracy. This information is subject to change at any time without notice.
Key Risks: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Non-US Securities Risk, Currency Risk, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal. Commodity interest and derivative trading involves substantial risk of loss.
Investment vehicles may not be available to all investors and are subject to eligibility.
Diversification does not ensure a profit or guarantee against a loss.
Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.
Market conditions are extremely fluid and change frequently.
Past performance is no guarantee of future results.