AllianzGI launches EM bond fund
Allianz Global Investors (AllianzGI) has announced the launch of the Allianz Emerging Markets Bond Extra 2020, its second closed-end fund for emerging market bonds aimed at retail investors.
The fund includes a selection of 60% investment grade and 40% high yield bonds, and invests predominantly in USD denominated bonds. It is set to close in 2020.
Greg Saichin, chief investment strategist EM bonds at Allianz Global Investors comments: “As long as one is convinced that an investment will be profitable, short bouts of volatility should be seen positively because they offer opportunities to buy. In order to identify them, we analyse country risks and the business model for each individual holding as well as the legal framework for the respective bonds.”