3 Top Emerging Market Bond Funds

Looking for an alternative source of fixed income that pays more than inflation? Morningstar fund analysts highlight the best emerging market bond funds

Morningstar Manager Analysts 16 February, 2017 | 11:51AM
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All this week we bring you the best income opportunities across the globe, as picked by top fund managers, professional investors and our own stock and fund analysts as part of Morningstar’s Guide to Finding Investment Income.

Neuberger Berman Emerging Market Debt Hard Currency

This fund remains one of our favourites in its Global Emerging Markets Bond Morningstar Category because of its experienced team, well-executed and solid process, and an above-average track record, says fund analyst Niels Faassen. Morningstar analysts maintain our Rating of Silver.

The team focus on bottom-up country selection, with top-down beta management, duration positioning, and corporate allocation playing a secondary role. We find this a strong process which has been carried out very effectively over time. Though the team’s track record at Neuberger Berman is still relatively short, their long and robust track record at their previous firm bolsters our confidence. 

We are less enthusiastic about the above-average fees of this fund. Given the size of the team’s assets under management, we believe it could do more to share its economies of scale with investors.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
MFS Meridian Emerging Mkts Dbt W2 USD9.53 USD0.08Rating
Neuberger Berman EM DbtHrdCcy USD I D10.41 USD-0.07Rating
Pictet-Global Emerging Debt P USD424.14 USD-1.02Rating

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Morningstar Manager Analysts

Morningstar Manager Analysts  research and rate hundreds of OEICs, unit trusts and investment trusts available for sale in the UK.

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