Aperture New World Opportunities Fund - Q2 2022 Commentary

In Short

Commentary for Q2 2022 on Aperture New World Opportunities Fund by Peter Marber, Portfolio Manager at Aperture Investors
Anis Lahlou, CFA

Peter Marber,

CIO Emerging Markets and Portfolio Manager

Peter Marber is the Portfolio Manager of the Aperture New World Opportunities strategy. For over 30 years, Peter has professionally invested billions of dollars for many of the world’s largest companies at firms including Loomis, Sayles & Company, HSBC, and Wasserstein & Co. Peter is based in Aperture’s New York office. Peter earned his B.A. at Johns Hopkins, his M.I.A. from Columbia, and his Ph.D from The University of Cambridge.

Aperture New World Opportunities: Commentary for Q2 2022

Market Overview 

Amid rising US interest rates and a sputtering Chinese economy, Emerging Market (EM) bonds suffered steep falls during the past quarter; but their decline is just part of a larger, more dramatic story that has been unfolding all year. Certainly, anyone watching bond yields in 2022 knows that conditions and returns have been bad. 

But to place these happenings historically, a June report by Deutsche Bank highlighted that it may be the worst annual investing start on record going back, remarkably, to the Colonial Era of 1788: 

Download the full commentary below:

Aperture New World Opportunities Fund - Q2 2022 Commentary
Picture

© Generali Investments, all rights reserved. This website is provided by Generali Investments Luxembourg S.A. (Generali Investments) and is considered as a marketing communication and financial promotion related its products and services. This website may contain information related to the activity of the following companies: Generali Asset Management S.p.A. Società di gestione del risparmio, Infranity, Sycomore Asset Management, Aperture Investors LLC (including Aperture Investors UK Ltd), Plenisfer Investments S.p.A. Società di gestione del risparmio, Lumyna Investments Limited, Sosteneo S.p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Conning* and among its subsidiaries Global Evolution Asset Management A/S - including Global Evolution USA, LLC and Global Evolution Fund Management Singapore Pte. Ltd - Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC as well as Generali Investments CEE. *Includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc., Goodwin Capital Advisers, Inc. (collectively, “Conning”).