Approach
The Voya Emerging Markets Debt Hard Currency Strategy offers a total return approach, investing in the full spectrum of the emerging markets (EM) hard currency universe with a focus on sovereign, quasi-sovereign and more liquid EM corporate issuers. We believe actively blending country and security selection against top-line portfolio risks is key to delivering superior, risk-adjusted returns over an investment cycle.
Key Benefits
- Active blend of hard currency sovereigns, quasi-sovereigns and EM corporates broadens the credit investment universe and sources of opportunity while enhancing yield and returns
- Pure EMD hard currency-only strategy that excludes EM local currency assets minimizes portfolio volatility and may enhance risk-adjusted return profile
- Balanced top-down macro and rigorous bottom-up credit analysis with a focus on diversification and avoidance of issuer concentration
- Risk management integrated through each step of investment process
Performance
Performance
| As of 11/30/20 | 1 Month | 3 Month | YTD | 1yr | 3yr | 5yr | 10yr | Since Inception (9/01/12) |
|---|---|---|---|---|---|---|---|---|
| Composite Gross | 4.57 | 2.76 | 5.72 | 8.27 | 5.29 | 7.05 | - | 5.61 |
| Composite Net | 4.53 | 2.63 | 5.26 | 7.76 | 4.71 | 6.40 | - | 4.93 |
| Index* | 3.86 | 1.90 | 3.30 | 5.38 | 4.65 | 6.38 | - | 4.92 |
| Gross Excess Return | 0.71 | 0.85 | 2.42 | 2.90 | 0.65 | 0.67 | - | 0.68 |
* JPM EMBI Global Diversified Composite Index
Past performance does not guarantee future results.
Periods greater than one year are annualized. Performance data is considered final unless indicated as preliminary. Monthly performance is based on full GIPS Composite returns. Access the GIPS page for full composite details.
The Composite performance information represents the investment results of a group of fully discretionary accounts managed with the investment objective of outperforming the benchmark. Information is subject to change at any time. Gross returns are presented after all transaction costs, but before management fees. Returns include the reinvestment of income. Net performance is shown after the deduction of a model management fee equal to the highest fee charged.
Literature
No related literature found
Investment Team
Matt Toms, CFA
Chief Investment Officer, Fixed Income
Years of Experience: 26
Years with Voya: 11
Matt Toms is the chief investment officer of fixed income at Voya Investment Management. In this role, he leads a team of more than 100 investment professionals, with broad oversight of Voya’s fixed income platform as well as business management responsibilities. As CIO, Matt serves as the chair of the Fixed Income Asset Allocation Committee, a group that formulates the fixed income platform’s strategic investment themes that in turn informs strategy and risk budgeting across public fixed income portfolios. Matt is also a member of the Investment Committee that is represented by the CIOs from across Voya Investment Management. Before becoming CIO, Matt was head of public fixed income at Voya Investment Management, overseeing the investment teams responsible for investment grade corporate, high yield corporate, structured products, mortgage-backed securities, emerging market debt and money market strategies for Voya’s general account and third-party business. Prior to joining the firm, Matt worked at Calamos Investments, where he built their fixed income business. He also has prior portfolio management experience at Northern Trust and Lincoln National. Matt received a BBA from the University of Michigan and holds the Chartered Financial Analyst® designation.
Jean-Dominique Butikofer, CFA
Head of Emerging Markets
Years of Experience: 24
Years with Voya: 6
Jean-Dominique (JD) Bütikofer, CFA is the head of emerging markets (EM) for the fixed income team at Voya Investment Management. He is responsible for directing the investment strategy for the emerging market group as well as the asset allocation across EM sub-asset classes. He also oversees EM sovereign and corporate debt and co-runs EM currencies and rates. Prior to joining the firm, JD was head of emerging markets debt and lead portfolio manager at Union Bancaire Privée in Zürich, responsible for the EM macro, sovereign risks and local fixed income markets. Previously, he served as a senior EM fund manager and head of EM for Julius Baer Asset Management after beginning his investment career with Union Bank of Switzerland (UBS). JD received a BA in economic sciences with a specialization in finance and an MSc in political economy from the University of Neuchâtel, Faculty of Economics, Politics and Social Sciences in Switzerland. He holds the Chartered Financial Analyst® designation and is proficient in German, French and Spanish.
Anthony Routh
Portfolio Manager, Emerging Markets Debt
Years of Experience: 14
Years with Voya: 14
Anthony Routh is a portfolio manager for the emerging market debt team at Voya Investment Management. Previously, he was a portfolio manager for the structured finance team, covering non-agency mortgages and asset-backed securities. Anthony started his career as an analyst for the non-agency MBS trading desk at the firm. Anthony received a BBA in finance from the University of Georgia.
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of
rates of return and yield inherent in investing. All security transactions involve substantial
risk of loss. Foreign Investing does
pose special risks including currency fluctuation, economic and political risks
not found in investments that are solely domestic. Emerging Market securities
may be especially volatile.