The Emerging Markets Long/Short Strategy targets double-digit absolute returns, with lower volatility than EM equities. It uses a blended approach of top-down and bottom-up research within the EM equity universe, employing derivatives to limit the volatility and drawdowns associated with the asset class.
EM equities in aggregate can remain range-bound for long periods of time. However, demographic, political and macroeconomic situations can vary substantially across EM countries and sectors.
The strategy seeks to dynamically exploit these differentials to generate consistent alpha, working closely with TT’s market-leading long-only EM equity team to cultivate a portfolio of best ideas on the long side, combined with an additional layer of alpha and downside protection on the short side.
It is a concentrated portfolio, typically holding 20-40 longs and 10-20 shorts. The longs and shorts will usually represent 70-100% and 10-50% of NAV, respectively.
Whilst concentrated, the portfolio is sufficiently diversified, with the beta-adjusted exposure to each single name, country and thematic monitored closely.
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1. About TT International
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19. Contact Us
You can contact TT at: T: +44 20 7509 1000, F: +44 20 7509 1289, or by email to info@ttint.com.
TT International Asset Management Ltd.
TT
International Investment Management LLP
62 Threadneedle Street, London, EC2R 8HP, England
© 2020 TT International
Authorised and regulated in the UK by the Financial Conduct Authority
