RBC BlueBay Emerging Markets Debt team
BlueBay Financial Capital Bond Fund
Designed to invest in subordinated debt securities issued by financial institutions combined with environmental, social and governance (ESG) criteria.
Unlocking markets: the rich tapestry of EM Debt
In our EM Debt ‘Unlocking markets’ episode, we debunk some of the myths around the asset class, a colourful mix of over 80 countries and 13 sectors.
BlueBay Emerging Market Corporate Bond Fund
BlueBay Impact-Aligned Bond Fund
BlueBay Emerging Market Select Bond Fund
BlueBay Emerging Market Aggregate Bond Fund
BlueBay High Yield ESG Bond Fund
BlueBay Leveraged Finance Total Return Fund
Global Equity Investor insight | October 2024
Reflecting on the past month, Jeremy Richardson explores Democracy, debt and deals.
Blending markets: a global approach to high yield debt investing
US debt has dominated the HY market traditionally. However, the rise of European and EM HY debt is creating opportunities for enhanced returns.
BlueBay Emerging Market Local Currency Bond Fund
BlueBay High Income Loan Fund
BlueBay Emerging Market Unconstrained Bond Fund
The BlueBay Emerging Market Credit Alpha Fund Limited
BlueBay Emerging Market Unconstrained Bond Fund BI
BlueBay Emerging Market Aggregate Short Duration Bond Fund
The threat of Grexit
When the European sovereign debt crisis started in 2009 we followed the unfolding of events closely and profited on both our short and long positions.
Distressed Debt - investor opportunities in 2025
Political and economic concerns with regard to developed Europe should create significant opportunities for Special Situations investors this year.
The tailwinds for alternative fixed income strategies in emerging market debt
How different EM alternative strategies can offer investors a way to capitalise on market inefficiencies.
2025 Market View: Emerging Markets Debt
Polina Kurdyavko, Head of BlueBay Emerging Markets, Senior Portfolio Manager shares her thoughts on 2024 and the year ahead.
Emerging markets debt
A multi-layered approach for a broad & evolving asset class.
BlueBay Emerging Market Unconstrained TAP Bond Strategy
Can US exceptionalism persist without fiscal spending?
It’s no coincidence that US exceptionalism has coincided with the loosest fiscal policy in modern history. Malin Rosengren shares her thoughts.
Jana Harvey, Senior Portfolio Manager, Emerging Market Debt
Jana discusses why she believes policy & politics are such an important consideration in the investment decision-making process.
Thinking the US can grow out of its debt burden is wishful thinking
We discuss how US economic underperformance would have severe implications on fiscal ratios and the trajectory of the country’s debt dynamics.
Monetary policy within the Dollar bloc
Malin Rosengren discusses her views regarding monetary policy within the Dollar bloc, market outlook, and why this should matter to investors.
Private credit opportunities in emerging markets
We discuss how a selective approach to high quality EM private debt investments can enhance returns, while reducing risk and dampening volatility.
US elections and the impact on market dynamics
Kaspar Hense takes a deep dive into the US elections and looks at how different scenario outcomes may impact market dynamics.
Distressed investing: the rise of Liability Management Exercises
We explain LMEs and the importance of a thoughtful and strategic investment approach to restructurings and distressed debt in the European mid-market.
Leveraged finance
We offer a variety of investment strategies providing exposure to the global leveraged finance markets.
In praise of unconstrained investing
We discuss why a high conviction, total return approach is best suited to generating superior returns in the unconstrained EMD space.
Are Trump's golden ideas starting to lose some lustre?
If there has been any political surprise in recent days, it has been a push by Merz to secure agreement on a large increase in defence spending.
Pemex & Mexico – a seat at the table
We are in constant contact with the finance ministry and central bank in Mexico to discuss fiscal and monetary policy respectively.
2025 Market View: Fixed Income
Mark Dowding, BlueBay Chief Investment Officer, shares his thoughts on 2024 and the year ahead.
Timothy Ash, Senior Emerging Market Sovereign Strategist, Emerging Market Debt
Timothy gives his view on why he believes policy & politics are such an important consideration in the investment decision-making process.
Kaspar Hense, Senior Portfolio Manager, Investment Grade
Kaspar takes a step back to offer his thoughts on how he factors policy & politics into his everyday work.
Big not beautiful
In the wake of negative newsflow surrounding Trump’s tariff agenda, it seems the administration is determined to generate some positive headlines.
Acting with conviction: investment grade
Neil Mehta, IG Portfolio Manager, discusses the team’s strong track record in investment grade debt and what it means to be a successful risk taker.
European Bond markets: five musings from July
Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets for July.
South Africa: a sunnier future?
Our EM debt team discusses South Africa’s prospects post 2024’s pivotal election, and why political stability is key to achieving economic potential.
Investment grade
We are fundamental investors: this is the key component of our success.
Special situations
Special situations investments are driven by idiosyncratic, company-specific factors and often display low correlation with broader markets.
Opportunities in fixed income…in a lower rate environment
With the Fed’s recent half-point rate cut and more expected in 2025, we look at what this means for investors and how they can maintain their income.
Trump 2.0: the themes driving EM Debt
We discuss why emerging markets reacted as expected to Trump’s stunning win, and highlight three key themes shaping the outlook for EM fixed income.
European bond markets: five musings from March
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
The role of alternative fixed income strategies in today’s market environment
Opportunities for investors in a climate of high interest rates and market inefficiencies.
Unlocking the illiquidity premium in EMD
We discuss how – at a time of global uncertainty – EM private credit investors can benefit from enhanced yield and a compelling risk-reward balance.
Germany’s political crisis: no “Zeitenwende” under Scholz
Over the past three years, Germany, Europe’s largest economy has entered a crisis. We look at the political backdrop and the impact on positioning.
TACO Trump is likely to fight back
At a time when market direction is less certain, it strikes us that curve trades offer a better potential reward than duration trades at this point.
European bond markets: five musings from June
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
European bond markets: five musings from February
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
Argentina: is this time different?
We visited Argentina to form our own opinion on the sustainability of the rally and look for potential investment opportunities for our portfolios.
2025 Market View: Global Equity
Jeremy Richardson, Senior Portfolio Manager, RBC Global Equity, shares his thoughts on 2024 and the year ahead.
Our history
RBC BlueBay represents the combined businesses of RBC Global Asset Management and BlueBay Asset Management, outside of North America.
Joy, despair and the road in between
US policy uncertainty is making it difficult to implement medium-term plans, and this is weighing on business confidence and hindering investment.
Political risk going K-Pop
As the dust settles with respect to US political volatility, the past week has an explosion of developments in France, Romania, and South Korea.
Another week, another deadline
The passage of the ‘big, beautiful bill’ is viewed as growth supportive into 2026. However, we expect to see some softer data prints over the summer.
Making Conclave Great Again
The week saw some optimism around the US/UK trade deal, while in Germany, Friedrich Merz had a stumbling start to his new role as Chancellor.
Europe stirs
With the US-Europe relationship unsettled and fiscal, policy, and regulatory easing afoot, it’s a timely moment to ask: is Europe entering a new era?
Polina’s Perspective: Recovery with Chinese characteristics
Following a trip to China, Polina Kurdyavko reflects on the country’s slow recovery post-Covid but also gives reasons for longer-term optimism.
Progressive solutions for institutional investors
RBC BlueBay is structured to deliver outcomes tailored for investors seeking to enhance their portfolio returns.
A 'cold' moment for Trump
The Trump administration is in an ebullient mood, on a sense that it is showing signs of winning the trade war it started in a global economy.
From MAGA to MEGA
US tariff talk is becoming a reality, while a fiscal U-turn by incoming German Chancellor Merz will mean more spending on defence and infrastructure.
Some lies with that??
It’s not just about US politics! Underlying economic developments are continuing to drive price action, with US growth exceptionalism a key theme.
Falling into line on Daddy's orders?
With the EU potentially taking a stronger line on trade negotiations with the US, markets are being complacent with respect to trade risks.
Little to celebrate on Liberation Day
European policymakers are readying robust countermeasures to US tariffs, while the Chancellor’s Spring Statement caused a stir in the UK.
Clockwork Orange
US election fever continues to build, as November approaches. Momentum is with Trump and it’s unclear what can shift it back to the Democrats.
A road to nowhere
With geopolitical risk elevated and US attention directed towards the Middle East, actors elsewhere could adopt an opportunistic stance at present.
European bond markets: five musings from April
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
Is this the end of US exceptionalism?
Spread compression reflects improving fundamentals and a realisation that Europe can offer a more attractive hunting ground for credit investors.
Policy & politics
Driving alpha opportunities for our investors.
Five reasons to be active in fixed income
Five compelling reasons why investors should take an active approach in fixed income markets.
Why invest in Emerging Markets?
Financials – Europe’s most mispriced opportunity?
For investors willing to look beyond benchmarks, European financials offer compelling potential – but it takes specialist expertise to harness it.
Ishiba bows down as Trump rides high
It seems that the world has bowed to US pressure on trade, with the US administration playing its hand relatively effectively.
BlueBay Capital Income Fund Objective
Trump Towers
We dissect the week when Trump made a historic political comeback, winning each of the battleground swing states and scoring a resounding victory.
The Second Coming….(minus Armageddon one hopes!)
Market volatility is subsiding but uncertainty in policy and politics will continue when Washington returns from recess at the start of next year.
Trump Slump!
The past week has seen no end to pronouncements around policy from Trump and his team, with fears of an escalating trade war unnerving investors.
Chain reactions
We are left considering the chain reaction of events this week, which may be triggered by changes and upheaval in policy, and in geopolitical circles.
European bond markets: five musings from January
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
European bond markets: five musings from May
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
A favourable environment for high yield bonds
Today’s high yield bond market offers attractive yields, improved credit fundamentals, and alpha opportunities in sector allocation and single names.
Tax man cryin'. Rayner smilin'
What are the implications of any US Supreme Court ruling on US tariffs and the firing of Fed governor Lisa Cook?
5-D chess
Recent newsflow shows why the Fed can’t get pulled into a guessing game of the economy’s direction, based on survey indicators & policy announcements.
Over-Cooked?
Trump’s firing of Fed governor Lisa Cook was the big news of the week, while in France, Bayrou made a decision to call for a Vote of Confidence.
Trump’s tariff tango
Many investors had taken a complacent view ahead of Liberation Day, yet the outcome was a complex array of tariffs at various rates on a global basis.
Summertime optimism, before the start of a new season
Trump has shown how a dominant economy can effectively win a trade war versus lesser economies, even if the net result is detrimental to global GDP.
Milton versus Dante
The Middle East remains on a knife edge as Israel pushes into south Lebanon while, in the US, attention has been more focused on hurricane Milton.
Keeping calm in dangerous times
The Middle East conflict escalated this week while, further afield, price action in Chinese assets grabbed attention in the wake of policy easing.
Here comes the boom
A European trip reaffirmed how countries in southern Europe are outperforming their northern peers, while Middle East conflict flared again this week.
Europe feeling ghosted by its former best friend
US pushes for Ukraine peace, exposing EU's military reliance on Washington, prompting urgent defence spending discussions.
A Roadrunner moment
Meetings in the White House reflected alarming complacency, while discussions with other analysts and advisors cited much greater downside risk.
Party season
Markets are enjoying the season of goodwill, with US equities sitting at their highs and credit spreads narrowing to their tights for the year.
Pre-election nerves or is it a bout of the ‘cheese sweats'?
As we approach the US election, we look for opportunities to buy (or sell) extremes in price action, thinking that moves could subsequently reverse.
Overreach?
At a time of economic uncertainty, one thing we can continue to be confident about is that this new regime of political volatility is here to stay.
