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Emerging Markets Debt Fund - R6 (JEMVX)

Emerging Markets Debt Fund - R6 (JEMVX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Pierre-Yves Bareau
Pierre-Yves Bareau| Managing Director Biography

Pierre-Yves Bareau, managing director, is the head of the Emerging Markets Debt team in the Global Fixed Income, Currency & Commodities (GFICC) group. In this role, Pierre-Yves is responsible for coordinating resources located in New York, London, Asia and Latin America. Prior to joining the firm in 2009, Pierre-Yves was at Fortis Investments for ten years, serving as the chief investment officer for Emerging Markets Fixed Income. At Fortis, Pierre-Yves oversaw teams based in London and Singapore, guided strategy decisions and managed a range of emerging markets mandates. Previously, he spent two years at FP Consult (France), an emerging markets bond and equity boutique, working as a portfolio manager. Pierre-Yves began his career in 1991 at BAREP Asset Management, a hedge fund boutique owned by Societe Generale, serving as an emerging markets portfolio manager. Pierre-Yves holds a graduate degree in finance and a master’s degree in management from the Groupe Ecole Supérieure de Commerce et de Management Tours-Poitiers (ESCEM) in France.

Experience
  • Industry Experience, 23 Years
  • Firm Experience, 5 Years
  • Fund Experience, 5 Years
Other funds managed by Pierre-Yves Bareau:
Matias Silvani
Matias Silvani| Executive Director Biography

Matias Silvani, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Matias is the lead portfolio manager and chief strategist for external and aggregate portfolios for Emerging Markets Debt. Prior to joining the firm in 2004, Matias was responsible for Latin American sovereign macro analysis and strategy at UBS. Matias has also held roles with the Inter-American Development Bank and the World Bank, in addition to lecturing at Princeton University. Matias holds an M.S. and Ph.D. in economics from Princeton University.

Education
  • M.S. and Ph.D, economics, Princeton University
Experience
  • Industry Experience, 16 Years
  • Firm Experience, 10 Years
  • Fund Experience, 4 Years
Other funds managed by Matias Silvani:

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

International investing involves special risks, including economic, political, and currency instability - especially in emerging markets. The Fund's investments in emerging markets could lead to more volatility in the value of the Fund's shares. The small size of securities markets and the low trading volume may lead to a lack of liquidity, which leads to increased volatility. Emerging markets may not provide adequate legal protection for private or foreign investment or private property.

The Fund will invest at least 80% of its total assets in foreign and emerging markets.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

The Fund may engage in short sales. There is no guarantee that the use of long and short positions will succeed in limiting the Fund's exposure to domestic stock market movements, capitalization, sector-swings or other risk factors. Investment in a portfolio involved in long and short selling may have higher portfolio turnover rates. This will likely result in additional tax consequences. Short selling involves certain risks, including additional costs associated with covering short positions and a possibility of unlimited loss on certain short sale positions.

The Fund anticipates a very high degree of portfolio turnover. This will likely result in additional tax consequences.