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MacKay Strategies

Philosophy & Process

MacKay Shields investment teams utilize their own philosophy, processes, and experience to add value across capital markets.

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MacKay Insights

The Role of Fixed Income in Driving Reallocation

We believe these fixed income solutions can help equity investors de-risk their portfolios.

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MacKay Responsibility

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We strive to meet the objectives and values of our clients; care for our employees; and promote the well-being of the communities in which we invest, work, and live.

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Purpose Driven + Performance Led

We are dedicated to investing for trusted clients globally, while ensuring the health of our company culture and the prosperity of our local communities.

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MacKay Shields Emerging Markets Debt 

We analyze Emerging Markets by assessing, “what is the market missing?” We are consistent in our approach, deploying a fundamental factor framework. 

Overview

Overview

          

Country research is core to our investment thinking. Identifying how a country is improving or deteriorating and if markets are too slow to price in changes drives our positioning across sovereign debt and corporate securities. 

          

Strategies

Strategies

STRATEGY
SEPARATE ACCOUNT
COLLECTIVE INVESTMENT TRUST
MUTUAL FUND
PRIVATE VEHICLES
FACT SHEET

EMD Corporate

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EMD Blend

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EMD Hard Currency Sovereign

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EMD Local Currency

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Emerging Markets Debt Team

Emerging Markets Debt Team

Emerging Market Debt Team


Our experience is personal and professional.
We seek consistent performance through our skill and local heritage, which we consider a differentiator.

Meet the Team
Emerging Markets Debt Team

          

          

“Time in the market is more important than timing the market. Our research-intense, risk-controlled process allows investors to stay invested, enabling the opportunity to capture structural risk premium.” — Valentina Chen, Team Co-Head 

          

Insights

Insights

          

FEATURED INSIGHTS

5 MIN READ
July 12, 2023
Emerging Market Debt Mid-Year Outlook
From a fundamental perspective, we continue to keep a close eye on inflation, growth, China and refinancing risk of emerging markets.
3 MIN READ
May 1, 2023
Making India a Global Growth Engine
Can the World’s Largest Democracy Become the Growth Engine of the Next Decade?
March 29, 2023
Opportunities in Emerging Market Debt
View the latest insights and perspectives from the MacKay Shields Emerging Market Debt team.
4 MIN VIDEO
JANUARY 6, 2023
Countries of Interest, Trends and Regional Outlooks
In the team’s 2023 outlook, Philip Fielding and Valentina Chen, Co-Heads of Emerging Market Debt team gives their insights to what countries and sectors look the most attractive to them in the coming year and where they see the asset class heading.
5 MIN READ
January 6, 2023
2023 Emerging Market Debt Outlook
After two consecutive down years of total return in emerging markets debt, we are more positive on the total return outlook for 2023.
5 MIN READ
May 8, 2022
After the First Quarter Shock: Investing in Emerging Market Debt
Most financial markets sold off sharply in 2022’s first quarter in response to the war in Ukraine, rising inflation and expected interest-rate hikes.
5 MIN READ
March 31, 2022
Geopolitical Uncertainty: Balancing How to Stay the Course in Challenging Times
The Russian invasion of Ukraine has brought war to Europe’s eastern borders.
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