EM Local Debt
The Record EM Sustainable Finance (“EMSF”) strategy is a sustainability-led investment strategy offering investors higher yield, carry and return opportunities relative to traditional EM Debt products.
Alongside financial returns, the strategy seeks to have a positive impact by mobilising private capital for the development of Emerging Market and Developing Economies. Taking the currency risk from development lenders enables local borrowers to access financing in their local currency and removes their exposure to exchange rate fluctuations.
EMSF is an Article 8 strategy under the European Sustainable Financial Disclosure Regulation.
Record’s Emerging Market and Frontier Investment team are specialists in Emerging and Frontier Market currencies, providing our clients with innovative and bespoke currency solutions.
Record has over 20 years of experience trading and investing in Emerging Markets. Today we have around $3bn in Emerging Market assets under management. In 2024, Record traded over $40bn in EM and Frontier markets across 44 currency pairs.
Geographic allocation
Case study
Private Sector Development in Uzbekistan
On 30th July 2024, the Record Emerging Market Sustainable Finance (EMSF) strategy was the sole investor in an Uzbek Soum-denominated bond issued by the International Finance Corporation (IFC). The bond’s size was UZS 250 billion, equivalent to USD 20 million, with a tenor of 6 years and an amortising structure.
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