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Lupin Rahman

Portfolio Manager
Ms. Rahman is an executive vice president and portfolio manager in the New York office. She oversees PIMCO's sovereign credit investing on the emerging markets (EM) portfolio management team and is responsible for ESG (environmental, social, and governance) integration across PIMCO's investment strategies. Prior to joining PIMCO in 2008, she spent five years at the International Monetary Fund as an emerging markets macroeconomist. Before joining the IMF, she worked for the World Bank, the Centre for Economic Performance, and STICERD (the Suntory and Toyota International Centres for Economics and Related Disciplines). She has 26 years of investment experience and holds a Ph.D. in economics from the London School of Economics.
Understanding Investing

Before Economic Forums were mainstream on Wall Street, our investment professionals were gathering to identify economic and market trends for our clients. Decades later, the cornerstone of our process is stronger and more important than ever.


EM as a whole stands to potentially benefit from China’s post-pandemic economic reopening, with differentiation among individual countries as global trade allegiances shift.


After withstanding a multitude of global challenges last year, emerging markets look poised for improvement as inflation recedes and the path of monetary policy comes into view.


Inflation is receding and real interest rates are climbing in EM after a year of tightening monetary policy.


The growing market for ESG-labelled bonds in EM local currencies may offer a way to access EM local’s attractive yield potential within a sustainability-conscious framework.


Emerging market valuations appear attractive, but country-specific risks can be critical to monitor amid global inflation and rising interest rates.


The varied responses of individual countries to global inflationary pressures have contributed to elevated real-rate differentials between developed and emerging markets.

Explore our rigorous three-E -- exclusion, evaluation, and engagement – approach to investing in our dedicated ESG strategies and how we work to provide solutions that result in very direct and real outcomes for our clients.

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Europe, Middle East & Africa