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Emerging market debt: many sides to the story

Emerging Market Debt Team

Anthony Kettle, BlueBay Senior Portfolio Manager, examines critical priorities for the asset class over the coming year, explores how geopolitical fragmentation is reshaping the EM landscape, and identifies potential investment opportunities across both geographies and sectors.

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Polina's Perspective: Between Two Seas

Emerging Market Debt Team

On her recent trip to Turkey, Polina discovered that Istanbul’s enduring beauty masks a deeper paradox common in developing economies: the tension between economic orthodoxy and political palatability. Turkey also navigates the complex balance between maintaining economic orthodoxy and pursuing its geopolitical and political agenda. Read more about Polina’s trip here.

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LatAm: political shifts and corporate resilience

Emerging Markets Equity Team

Latin America faces a significant election year in 2026, with multiple contests poised to influence the region's trajectory and future direction. During a recent visit to Brazil and Chile, we engaged with management teams from our portfolio companies and participated in an investor conference, providing us with valuable on-the-ground perspectives on regional sentiment and outlook.

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Friend or foe

Emerging Market Debt Team

Spanning markets from Angola to Argentina and Mexico to Moldova, our Emerging Markets Debt investment team examines US policy uncertainty and key risk areas across the EM universe this year.

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Geopolitical realignment and emerging markets

Emerging Market Debt Team

Brent David and Graham Stock discuss how 2026 emerging markets are defined by Trump administration alignment and US-China competition, with Latin America facing a critical inflection point amid major elections across Colombia, Peru, and Brazil, while Turkey, Brazil, and Mexico navigate significant policy dependencies.

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This material is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or the relevant affiliated entity listed herein. RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc. (RBC GAM Inc.), RBC Global Asset Management (U.S.) Inc. (RBC GAM-US), RBC Global Asset Management (UK) Limited (RBC GAM-UK), and RBC Global Asset Management (Asia) Limited (RBC GAM-Asia), which are separate, but affiliated subsidiaries of RBC.

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