BlueBay Funds - BlueBay Emerging Market High Yield Corporate Bond Fund I - USD

BlueBay Emerging Market HY Corp Bd Fd invests in a diversified portfolio of high-yield corporate bonds from emerging market companies across various sectors and regions. The fund strategically underweights sectors such as Macau gaming and Israeli firms in oil and gas, telecommunications, and consumer industries, while avoiding significant exposure to Russian assets. It includes holdings in Chinese real estate bonds, which are currently trading at substantial discounts, offering potential for upside if these companies avoid defaults. Overall, the portfolio is designed to capitalize on high carry opportunities and lower default rates within the emerging markets corporate bond space.