Can EMD performance overcome short-term volatility?

It is fortunate pension funds can soothe themselves with the mantra of long-term investment horizons, as this summer put significant pressure on emerging market funds. Pete Drewienkiewicz, head of manager research at consultancy Redington, tells Pensions Expert that while the best route to EM debt is via a total return or absolute return-focused manager, even they have been tested over recent months.