While volatility is an ever-present risk in EM, it can also create opportunities. An active, tactical approach to EMD, one that is nimble and adaptable to changing geopolitical dynamics, could provide investors with unique opportunities. Key points: A ‘best ideas’ approach to EM debt investing, without the constraints of a benchmark. Dynamic management of investment themes across EM interest rates, currencies and credit. Managed by a 26-strong team of highly experienced EM specialists.