BlueBay launches EM bond fund

BlueBay Asset Management has added the BlueBay Emerging Market Aggregate Bond fund to its its Luxembourg Ucits range.

The firm, which already runs over $800m (€722.7m) in its emerging market aggregate bond strategy and over $15.9bn (€14.3bn) in total emerging market debt assets, offers a holistic approach to the management of emerging market hard currency debt, both sovereign and corporate.

The fund is designed to offer diversified exposure to the broadest range of dollar denominated sovereign and corporate debt, offering attractive yield levels and a substantial spread premium relative to developed market credits, BlueBay said.

Managed jointly by David Dowsett, co-CIO of BlueBay Asset Management and co-head of Emerging Market Debt, and Polina Kurdyavko, co-head of Emerging Market Debt and senior portfolio manager, the lead managers will be supported by a team of 34 emerging market debt specialists, with an average of 14 years of investment experience.

Speaking on this exciting product launch, Dowsett said: “The strategy builds upon our well-established sovereign and corporate investment process at BlueBay, providing our investors with a single portfolio that combines our best ideas from emerging credit markets.”

Kurdyavko added: “Given the divergent trend of market returns of the various emerging market debt sub-asset classes over last few years, investors and clients have increasingly focused on an investment solution which can actively asset allocate across these sectors, thereby providing a valuable source of return as well as helping to reduce volatility.

“BlueBay’s Emerging Market Aggregate Bond Fund will meet this growing segment of client demand and allow us to continue to offer a full spectrum of solutions targeting a broad range of clients.”

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