BlueBay Emerging Market High Yield Corporate Bond Fund

Key documents


    The BlueBay Emerging Market High Yield Corporate Bond Fund (the Fund) is actively managed and its objective is to achieve a total rate of return in excess of the JP Morgan Corporate Emerging Market Diversified High Yield Index, USD unhedged. There are no restrictions on the extent to which the Fund's portfolio and performance may deviate from the ones of the benchmark.

    Sustainability-related disclosure


    This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.

    Investment approach

    • A holistic emerging market debt portfolio jointly managed by EM sovereign and corporate teams
    • High conviction approach comprising of established ideas across the emerging market sovereign and emerging market corporate universe
    • Bottom-up, fundamental, research-driven approach at the country and company level, albeit with significant macro input
    • All investment decisions considered for inclusion in the portfolio are logged in the team’s Alpha Decision tool with a conviction rating score ranging from +3 to -3

    Market opportunity

    The opportunity set combines access to higher-yielding and frontier sovereign issuers with high-quality corporates from more ‘developed’ Emerging Markets with limited sovereign debt outstanding
    It also provides relative value opportunities between sovereign, quasi-sovereign and corporates in large, established emerging market countries
    Polina Kurdyavko 350 x 290.jpg

    Polina Kurdyavko

    Head of Emerging Market, Senior Portfolio Manager, Emerging Markets

    Polina is Head of Emerging Markets and Senior Portfolio Manager at RBC BlueBay. In addition to oversight of investments across all EM strategies, Polina is also a lead portfolio manager for several flagship funds in EM sovereign, credit and local markets, including long only and alternative products. Polina started her career in emerging markets after the Russian financial crisis in 1998 and has, since then, gained expertise across a broad range of emerging market financial assets. Polina joined RBC BlueBay in July 2005 from UBS where she was a credit analyst in EM corporate research. Her role encompassed coverage of EM issuers as well as research support for primary issuance of corporate debt. Prior to this, Polina was with Alliance Capital where she was an emerging markets equity analyst and then moved on to pioneer emerging markets quantitative research at the firm. She started her career in a macro research boutique in Russia. Polina holds an MSc (Hons) in Finance from the People's Friendship University of Russia, Moscow, is a CFA charterholder, and holds the CFA Certificate in ESG Investing.

    Anthony Kettle 350 x 290.jpg

    Anthony Kettle

    Partner, Senior Portfolio Manager, Emerging Markets

    Anthony is a Senior Portfolio Manager within the Emerging Markets Team. Anthony joined RBC BlueBay in March 2006 and his primary portfolio management responsibilities include the EM long-short credit strategy, the EM Unconstrained Bond Fund and the suite of EM Corporate long only funds. Prior to joining RBC BlueBay, he held a management position at National Australia Bank. Anthony holds a Bachelor of Commerce degree from the University of Melbourne, a Graduate Diploma in Applied Finance and Investment from the Australian Securities and Investments Commission, and is a CFA charterholder.