SCHWELLENLÄNDER Relevanz

UND DIE RESILIENZ STEIGT AN

Die Chancen nehmen zu, da Entwicklungsländer einen größeren Anteil am globalen BIP für sich beanspruchen

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Marktpotenzial FOKUS AUF LÖSUNGEN Expertise in der Praxis Weitere Einblicke

KONSTRUKTIVE BEDINGUNGEN FÜR EM-ANLEIHEN

Schwellenländer (EM) ziehen erneutes Interesse auf sich, da die makroökonomischen Bedingungen eine größere Diversifikation erfordern und ein schwächerer US-Dollar den Ausblick unterstützt. Die Renditen von EM-Anleihen heben sich im Vergleich zu anderen Sektoren ab, gerade in einer Zeit, in der Investoren ein Interesse an einkommensgetriebenen Renditen zeigen und Erwartungen an Zinssenkungen das Aufwärtspotenzial erhöhen. Die EM-Volkswirtschaften bieten mit einem überdurchschnittlichen Wachstum und einer allgemeinen Verbesserung der Fundamentaldaten die Grundlage für diese Chance.

FÜNF FACETTEN DER VERBESSERTEN EM-FUNDAMENTALDATEN

Mehrere Faktoren haben die fundamentale Verbesserung im EM vorangetrieben, gerade in einer Zeit, in der die Fundamentaldaten der entwickelten Märkte sich verschlechtern. EMs profitierten von:

DAS BESTE AUS INEFFIZIENTEN MÄRKTEN MACHEN

Die Lösungen von PGIM Fixed Income für Schwellenländeranleihen zielen darauf ab, die risikobereinigten Renditen mit einem Relative-Value-Ansatz zu maximieren, der darauf ausgelegt ist, von Ineffizienzen an den Anleihen- und Währungsmärkten der Schwellenländer zu profitieren.

Ausgewählte Fonds

AS OF 31/10/2025
Fund Morningstar Overall Rating™ Morningstar Rankings
1-Yr
3-Yr
5-Yr
10-Yr
PGIM Emerging Market Corporate Bond Fund
IE00BFLQZ625
EUR-Hedged I Acc
Global Emerging Markets Corporate Bond - EUR Hedged out of 322 funds
26%
80/369
49%
146/322
19%
43/277
PGIM Emerging Market Local Currency Debt Fund
IE00BDDW9392
EUR I Acc
—
25%
200/940
38%
332/834
42%
325/750
PGIM Emerging Market Total Return Bond Fund
IE00BJCWWY42
EUR-Hedged I Acc
Global Emerging Markets Bond - EUR Hedged out of 886 funds
48%
516/988
68%
637/886
3%
8/791
PGIM Emerging Market Blend Debt Fund
IE00BZCG7X27
USD I Acc
Global Emerging Markets Bond out of 1505 funds
11%
218/1710
33%
593/1505
18%
249/1283
PGIM Emerging Market Hard Currency Debt Fund
IE000C8T09Q7
EUR-Hedged P Acc
Global Emerging Markets Bond - EUR Hedged out of 886 funds
11%
130/988
22%
225/886

Gerüstet für Outperformance

ERFAHRUNG UND STABILITÄT

 

Das EM-Debt-Team von PGIM besteht aus 35 Portfoliomanagern, Ökonomen sowie Staats- und Unternehmenskreditanalysten. Erfahrene Mitglieder des Teams begannen 1995 mit den EMD-Aktivitäten von PGIM.

INTENSIVE RECHERCHE

Kategoriespezialisten in den USA, Europa und Asien betreiben Fundamentalanalysen und nutzen unternehmensweite Erkenntnisse, um Schwellenländeranleihen in Höhe von 61 Milliarden US-Dollar zu verwalten.

WEITLÄUFIGES UNIVERSUM

Das Team bewertet formell ein Universum von über 100 Schwellenländern, 250 Unternehmen und 25 Staaten/Quasi-Staaten und verwendet dabei einen Relative-Value-Rahmen, um optimale Handelsentscheidungen zu treffen.

 

*Datenquelle: März 2025

Die Datenquellen (sofern nicht anderweitig angegeben) entsprechen dem Stand vom 30. September 2025.
 


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