Principal wins Emerging Markets Debt Strategy of the Year Award


Principal Global Investors and its Finisterre Emerging Market Debt Total Return Strategy has been awarded the Emerging Markets Debt Strategy of the Year by Pension Bridge. The honour was announced on September 24 during a virtual ceremony to celebrate recipients of Pension Bridge’s 2020 Institutional Asset Management Awards.

“We are pleased to receive the EM Debt Strategy of the Year award from Pension Bridge,” said Damien Buchet, chief investment officer and portfolio manager for Finisterre Capital, the PGI investment team that manages the award-winning strategy. “The investment process applied to this strategy has been historically effective in generating benchmark-beating, total returns by investing across the full spectrum of the EMD universe[1], even during this current period of increased volatility across global markets.”

The Pension Bridge Institutional Asset Management Awards recognize and reward the institutional asset management industry for performance and excellence across various strategies. Using a quantitative and qualitative methodology, the judging was done in two stages. The first used purely quantitative elements to derive leader boards from the entries to populate the shortlists for each category. In the second stage, a panel of independent and impartial judges ensured the data was correct and used their knowledge and the qualitative elements of the entry process to decide the winners by category. All data used for the awards was through June 2020.


[1] The Finisterre Total Return strategy has outperformed its benchmark (JP Morgan EM Equal Weight Index) as of each calendar year end, in six of the past seven years. Past performance is no guarantee of future results. JP Morgan EM Equal Weight Index (JEMBAGTR Index): 33.3% Corporate Emerging Market Bond Index Broad Diversification (CEMBI BD), 33.3% Emerging Markets Bond Global Diversification Index (EMBIGD), and 33.3% Government Bond-Emerging Market-Global Diversification Index (GBI EMGD)

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