The Loomis Sayles Emerging Markets Debt Team brings deep, dedicated capabilities to an evolving asset class. The team applies a long‑standing investment philosophy grounded in proprietary fundamental research designed to help identify market inefficiencies.

This approach combines local expertise in these evolving markets with deep knowledge of credit, honed through multiple global cycles and periods of industrial sector evolution. The team actively covers over 70 emerging market (EM) countries and has been invested in the EM and frontier markets since 1994. Today, the platform is supported by 25 dedicated EM research and trading resources and has been managing emerging markets debt portfolios and Asia credit strategies since 2006 and 2007, respectively.

That depth of experience has proven increasingly relevant as global dynamics continue to shift. As Dilawer Farazi, ACA, Portfolio Manager and Co‑Head of the Emerging Markets Debt (EMD) Team observes, “It’s extraordinary how things have flipped—emerging markets are seeing a massive improvement in their institutional frameworks and the rule of law while certain advanced economies are seeing those frameworks erode a little bit. It’s a fascinating time.”

Against this evolving backdrop, the team sees a more constructive opportunity set taking shape across emerging economies. As Elisabeth Colleran, CFA, Co‑Head of the EMD Team, notes, “Interconnected factors—some consecutive, others simultaneous—have fostered an optimism that we believe could translate into a golden era for EM whereby credible policies support a more stable economic backdrop, attracting capital inflows and driving domestic investment, productivity and earnings gains, all of which support greater optimism.”

Loomis Sayles continues to build on this history and strengthen its global emerging markets debt (EMD) platform with the addition of Dilawer Farazi, ACA, Portfolio Manager and Co‑Head of the EMD Team. As the firm’s first portfolio manager based in London, Dilawer represents a significant expansion of Loomis Sayles’ global investment footprint and reinforces the firm’s commitment to maintaining close proximity to international markets, issuers, and clients across Europe, the Middle East, and emerging economies. Dilawer began co-managing the EMD strategies alongside Elisabeth Colleran, CFA, Co-Head of the EMD Team back in November. Their strong partnership, forged during Dilawer’s prior tenure at Loomis Sayles as a credit research analyst, will be instrumental in driving the team’s next phase of growth and innovation.

*All dollar denominated debt

Source: The IMF, JP Morgan, as of 12/31/24.

Disclosure:

This marketing communication is provided for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein, reflect the subjective judgments and assumptions of the authors only, and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. Investment recommendations may be inconsistent with these opinions. There is no assurance that developments will transpire as forecasted and actual results will be different. Information, including that obtained from outside sources, is believed to be correct, but we cannot guarantee its accuracy. This information is subject to change at any time without notice.

Key Risks: Credit Risk, Issuer Risk, Interest Rate Risk, Liquidity Risk, Non-US Securities Risk, Currency Risk, Prepayment Risk and Extension Risk. Investing involves risk including possible loss of principal. Commodity interest and derivative trading involves substantial risk of loss.

Investment vehicles may not be available to all investors and are subject to eligibility.

Within the credit quality allocation, any cash and cash equivalents are assigned to an individual quality rating based on the long-term currency issuer/debt rating of the sovereign country.

Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.

Diversification does not ensure a profit or guarantee against a loss.

Market conditions are extremely fluid and change frequently.

Past performance is no guarantee of future results.

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