Neuberger Berman launches three Ucits funds

Neuberger Berman has announced the launch of three Emerging Market Debt Funds, as sub-funds of its Irish domiciled Ucits fund umbrella, Neuberger Berman Investment Funds.

The three funds include a Hard Currency Fund, Local Currency Fund and an Emerging Market Debt Corporate Debt Fund.

The Hard Currency Fund, managed by lead portfolio manager Bart van der Made, will invest in emerging market bonds issued in hard currency, using a proven top-down and bottom-up strategy.

The Local Currency Fund will instead by managed by lead portfolio manager, Raoul Luttik and will invest in emerging market local currency bonds seeking to benefit from high and/or declining local interest rates, and the potential for currency appreciation.

The third fund, Corporate Debt Fund, which will be managed by lead portfolio managers Nish Popat and Jennifer Gorgoll will invest primarily in hard currency corporate debt but will also be able to invest in local currency corporate debt, providing investors with exposure to dynamic domestic economies.

The managers are part of Neuberger Berman’s 23 person dedicated emerging market debt team. The team, which joined the firm earlier this year, were pioneers in emerging market debt investing and have been managing emerging market debt since 1994.

Dik van Lomwel, head of Neuberger Berman EMEA and Latin America, said: “Adding the Emerging Market Debt Team to Neuberger Berman was a key strategic initiative as it enables us to offer our investors complete fixed income solutions. The launch of the three Ucits funds marks an important first step in building a comprehensive suite of Emerging Market Debt strategies.”

Mr Rob Drijkoningen, co-head Emerging Market Debt, Neuberger Berman, commented: “We are delighted to launch our first Neuberger Berman Ucits funds. With the Emerging Market Debt asset class developing at a rapid rate, we believe investors want strategies managed by experienced teams with a proven track record.”

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