Eaton Vance Emerging Markets Local Income (EMLI) strategy.
The great majority of EM local currency strategies are confined largely to the 18 countries in the JP Morgan Government Bond Index - Emerging Markets (GBIEM) Global Diversified benchmark, which concentrates risk among the 10 largest issuers.
Investors were drawn to emerging-markets (EM) local currency debt in 2017, attracted by high yields and improving returns.
EMLI seeks to capitalise on the full potential of the sector through fundamental, bottom-up research of more than 80 countries, combined with top-down risk measurement, focusing on opportunities in currencies, interest rates and credit spreads.
