Nick Lemis, Global Head of Wholesale, is joined by Robert Holmes, Portfolio Manager of the Pacific North of South EM Income Opportunities Fund, to mark three years since the fund’s launch in June 2022. Over this period, the strategy has delivered strong performance and attractive real yields, drawing growing investor interest across regions. Nick and Robert reflect on the fund’s journey, its benchmark-agnostic, total return approach, and the opportunities emerging markets continue to offer.
Video 1: Pacific north of south em income opportunities fund
celebrating three years of growth
Nick and Robert discuss the fund’s journey through challenging macro conditions, its benchmark-agnostic approach, and how the team continues to uncover income opportunities across emerging markets.
Video 2: reflecting on
Performance
Robert highlights the role of fundamental analysis, disciplined capital allocation, and alignment with companies and policymakers. He also discusses structural shifts in emerging markets, from rising dividends and buybacks to a sharper focus on profitability, broadening opportunities for the fund. He shares portfolio successes, explains how diversification has reduced volatility, and candidly addresses challenges.
Video 3: looking ahead
what's next for the strategy?
Robert outlines his outlook, highlighting attractive relative valuations, converging capital costs with developed markets, and supportive tailwinds. With investors increasingly looking beyond developed markets, he explains why the backdrop remains highly favourable for EM assets and for the fund’s total return approach.
