Fixed Income

Emerging Market Debt

Ability to generate returns by investing across the whole Emerging Market Debt asset class.

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Our expertise

Emerging markets as an asset class provides diverse and unique opportunities, but investing in these markets requires strong expertise and specialised knowledge.

AXA IM has over 20 years’ experience managing EM fixed income assets. Our portfolio managers are supported by credit analyst and macro research teams based across the globe. We believe this provides us with the ability to delve into the key drivers of EM economies and the companies that operate within them. Through this understanding we aim to generate strong performance by careful strategic positioning, as well as tactical and relative value opportunities

Our dedicated EM fixed income team manages $15 billion1 of assets across total return and benchmarked strategies, meaning that clients have access to a range of solutions to meet their needs.


Our emerging market debt strategies

Whether it’s to take advantage of the growing trend of sustainable investing and impact bonds in EM, reducing volatility through a short duration strategy, or using a flexible approach to invest across the whole EM asset class, we have a comprehensive offering that aims to meet clients’ needs.

Our strategies invest across the full EMD spectrum, with diversified portfolios that reflect our best ideas from both corporate and sovereign issuers, seeking to generate alpha from a broad opportunity set.  We typically utilise a total return approach within EMD which places a greater focus on generating positive returns across all market environments, and also allows us to construct high conviction portfolios.

All our strategies utilise our integrated Environment, Social and Governance process giving investors an additional level of scrutiny and added value.

Why invest in emerging market debt

Growth opportunities

Emerging Markets offer growth potential over developing nations, with countries such as China and India expected to be key drivers for the global economy in the future.

Income enhancement

The asset class may offer investors attractive return potential, particularly for a crossover asset class comprised of both investment grade and high yield issuers.


Many EM countries are implementing positive sustainability policies enabling potential investment in expanding sectors such as renewable energy.

Fund Centre

Visit our Fund Centre

Visit our fund centre to get more information on our range of fixed income strategies, going from credit to short duration to high yield.

Emerging Markets
Fixed Income
Emerging Markets Short Duration Low Carbon strategy

Invests across the Emerging Market debt universe, mainly through short duration bonds, while aiming to meet carbon footprint and water intensity targets.

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Fixed Income
Global Emerging Markets Bonds strategy

Invests across the Emerging Market debt universe.

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Fixed Income
Asian High Yield Bonds strategy

Invests mainly in high yield bonds within the Asian fixed income universe.

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Fixed Income
Asian Short Duration Bonds strategy

Invests mainly in Asian fixed income universe focusing on short duration bonds.

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    This marketing communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.

    Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

    Before making an investment, investors should read the relevant Prospectus and the Key Investor Information Document / scheme documents, which provide full product details including investment charges and risks. The information contained herein is not a substitute for those documents or for professional external advice. 
    The products or strategies discussed in this document may not be registered nor available in your jurisdiction. Please check the countries of registration with the asset manager, or on the web site, where a fund registration map is available.  In particular units of the funds may not be offered, sold or delivered to U.S. Persons within the meaning of Regulation S of the U.S. Securities Act of 1933. The tax treatment relating to the holding, acquisition or disposal of shares or units in the fund depends on each investor’s tax status or treatment and may be subject to change. Any potential investor is strongly encouraged to seek advice from its own tax advisors. 
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    Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 22 Bishopsgate London EC2N 4BQ
    In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.