Emerging Markets

PIMCO's specialist team aims to use scale and global expertise to navigate this rich landscape.


PIMCO's Emerging Markets Platform


Assets under management in emerging fixed income strategies (USD as of 12/31/2023)

31 PMs

Specialized and strictly devoted to emerging market portfolio management

30+ Analysts

Covering emerging markets credit research

Beyond Borders: Empowering Clients by Uncovering Opportunities

Pramol Dhawan, PIMCO’s Head of Emerging Markets, explores the evolving dynamics of emerging markets and how the firm’s unique strategies, global reach and robust relationships help clients navigate the asset class.

PIMCO's Capabilities in Emerging Markets

Leverage our built-to-scale, tested process for informational, analytical and behavioral advantages.


Extensive Resources

Gain insight from our ability to cover this resource-intensive asset class with a global team, 24-hour coverage and strong issuer relationships.


Macroeconomic Insights

Wield top-down expertise from our investment committee, global advisory board and regional portfolio committees to guide the EM investment narrative in a global context.


Rigorous Risk Management

Aim to identify extreme events and calibrate sensitivities with our quantitative analytical models and diversification across the opportunity set.


Specialized Knowledge

Focus on proprietary relationships and bespoke transactions to access opportunities and information.

Active Management in Emerging Markets

Three types of active positioning may help reduce traditional EM risk while maximizing potential return.

Active positioning for EM portfolios


    Seek potential returns from rare idiosyncrasies.


    Traditional over- and under-weights by country, sector and risk factor.


    Seek to eliminate typical EM index inefficiencies.

Source: PIMCO. For illustrative purposes only.

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The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

All investments contain risk and may lose value. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Sovereign securities are generally backed by the issuing government. Obligations of U.S. government agencies and authorities are supported by varying degrees, but are generally not backed by the full faith of the U.S. government. Portfolios that invest in such securities are not guaranteed and will fluctuate in value.

Alpha is a measure of performance on a risk-adjusted basis calculated by comparing the volatility (price risk) of a portfolio vs. its risk-adjusted performance to a benchmark index; the excess return relative to the benchmark is alpha.

There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. No representation is being made that any account, product, or strategy will or is likely to achieve profits.

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