Total Emerging Markets strategy is an actively managed strategy that seeks to create a diversified portfolio comprising the most attractive opportunities in emerging markets bonds, equities, and currencies.
Within this new strategy, Standish and TBCAM will share asset allocation and country selection decisions. Standish will select fixed income securities and make currency management decisions with TBCAM handling equity selections.
In contrast to a traditional emerging markets equities-only portfolio, the Total Emerging Markets strategy is designed to encompass an expanded investment universe and should benefit from a greater degree of country diversification than an equities-only portfolio as the equity and fixed income universes in emerging markets only partially overlap, according to the announcement.
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