Our services in the selected location:
  • No services available for your region.
Select Location:
Remember my selection
We have been made aware that there are external parties falsely claiming to carry out financial services on behalf of Goldman Sachs (including Goldman Sachs Asset Management International and Goldman Sachs International) in order to market fake investment products and to solicit monetary payments. These external parties may pose as Goldman Sachs through the use of fraudulent communications via email, instant messaging or phone, as well as through the use of fake brochures and other documents containing Goldman Sachs branding and logos.
The FCA has issued warnings about these fraudulent activities which can be found here and here.
It is important to know that any communication you receive from Goldman Sachs would only come from an @gs.com e-mail address and/or be found on the goldmansachs.com website. Further information regarding how you can protect yourself from fraudulent activity online and how you can contact us about this can be found on the Goldman Sachs Security page, available here.
Your browser is out of date. It has known security flaws and may not display all features of this and other websites

August 2017

EM Corporate Debt – Earning a Place at the Table

EMAIL THIS

Note: Separate multiple email address with a comma or semicolon.

SEND
Send me a copy

EMAIL THIS

Note: Separate multiple email address with a comma or semicolon.

Your Name:

Your Email Address:

OPEN EMAIL TO SEND
Send me a copy

Emerging Market (EM) corporates are as varied as the language, climate and cuisines of their home countries. We believe this diverse asset class can serve as an extension to existing corporate credit allocations or as a compliment to EM sovereign exposure. EM corporate debt provides investors with a high quality source of yield, and over the medium- to long-term, we believe companies in this investment universe stand to benefit from a shift in economic potential from developed to emerging markets.

EM economic growth has been accompanied by growth in EM asset classes. Deeper capital markets and rising investor demand has helped the EM corporate debt sector grow 300% in the last decade to become a core component of the global fixed income opportunity set.

EXHIBIT 1: EM corporate debt represents over 16% of the global corporate debt market

Source: JP Morgan, Bloomberg, Bond Radar. As of February 2017. EM Corporate debt data reflects corporate and quasi-sovereign external debt. 


EM corporate debt can provide investors with a high quality source of yield versus other fixed income sectors, and also has lower duration exposure than EM sovereign debt. Over 60% of the investment universe is investment grade rated, which may appear surprising to those who assume investing in EM corporate debt requires compromise on credit quality.

EXHIBIT 2: High quality source of yield with relatively low duration exposure

Source: JP Morgan, Barclays, Citi Group, Credit Suisse, GSAM. Duration as of June 30, 2017. Past performance does not guarantee future results, which may vary.


RELATED INSIGHTS

January 2018
2018 EM Equity Outlook

In 2017, Emerging Market Equities have returned +37%, significantly outperforming US and Developed Market Equities.

Finding Opportunities in Emerging Markets

The Emerging Market landscape has changed significantly over the last few decades. This evolution has created a broader set of opportunities for investors.

09 March 2017 | GSAM Connect
Four Things to Know about Emerging Market Corporate Debt

We believe investors should look beyond the headlines and toward the long term when it comes to investing in emerging markets.

CONTACT US See More

For More Information
Funds Client Service