GAEM

GAEM focuses on bonds issued by entities in emerging markets, particularly in regions like Latin America and the Caribbean. Portfolio selection follows an opportunistic-tactical approach, utilizing top-down macroeconomic analysis to identify promising countries and bottom-up analysis to select specific corporate issuers. While the fund primarily concentrates on emerging market bonds, it may also consider non-emerging market debts. With no fixed restrictions on maturity or duration, the fund adapts to evolving market conditions, aiming to balance the growth potential of emerging markets with the inherent risks of currency fluctuations, credit quality, and market volatility. Positions can include junk bonds and may be denominated in either USD or local currencies. The fund may hedge currency exposure back to USD using derivatives or hold bonds in local currencies without hedging.