EM Macro means Fund Allocations that are likely to be of interest to people who trade EM Macro. It includes funds from the following categories
EM Bond Hard (EMBI)
EM Bond Local (GBI-EM)
#EM Bond Corporate (CEMBI)
#EM Bond Flexible / Blend
#Asia Bond
EM Macro specialists will also from time to time be interested in Fund Allocation data for other categories of funds, especially perhaps the Global Flexible Bond category. We list those in our Global Macro page.
#EM Bond Hard (EMBI)
Fund Allocations for funds that are actively managed against the JPMorgan Emerging Markets Bond Index – Global Diversified, or similar indices tracking dollar-denominated sovereign and quasi-sovereign bonds from issuers domiciled in emerging markets.
Example of a fund allocations chart using an EM Bond Hard (EMBI) dataset: Country Allocation: Peru
#EM Bond Local (GBI-EM)
Fund Allocations for funds that are actively managed against the JPMorgan Global Bond Index – Emerging Markets – Global Diversified, or similar indices tracking local-currency-denominated sovereign bonds from issuers domiciled in emerging markets.
Example of a fund allocations chart using an EM Bond Local (GBI-EM) dataset: Currency Allocation: South African Rand (ZAR)
#EM Bond Corporate (CEMBI)
Fund Allocations for funds that are actively managed against the JPMorgan Corporate Emerging Markets Bond Index – Broad Diversified, or similar indices tracking dollar-denominated corporate bonds from issuers domiciled in emerging markets.
#EM Bond Flexible
Fund Allocations for funds that can invest flexibly in EM bonds. They may be described as “blend” or “unconstrained”; we do not calculate any “difference from benchmark”.
#Asia Bond
Fund Allocations for funds that can invest in bonds issued by Asian sovereigns and corporates.
