ESG factors are part and parcel of the fundamental, bottom-up research conducted by Oaktree’s Emerging Markets Equities strategy. In their view, opportunity can be found in the less-efficient emerging markets, where ESG investing remains less prevalent than in developed markets. Oaktree’s proprietary ESG analysis—coupled with what we believe to be a knowledge advantage vis-a-vis the regions, markets and sectors we cover—can positively affect our ability to select the right companies and position our portfolio for success.