Mutuactivos launches EM debt FoF

Spanish asset manager Mutuactivos has launched the Mutuafondo Renta Fija Emergente fund, registered at the Spanish National Securities Market Commission (CNMV) on 14 July 2017.

The fund will seek to outperform its composite benchmark: J.P. Morgan EMBI Global Diversified Composite (50%), J.P. Morgan Corporate EMBI Broad Diversified Composite (25%) and J.P. Morgan GBI-EM Global Diversified Composite Unhedged USD (25%).

It will invest more than 50% of its net assets in fixed income securities issued by public or private issuers from emerging and frontier markets all over the world.

The part of the portfolio that is not exposed to fixed income will be invested in OECD-based entities as well as in money market instruments, as long as they are liquid and issued by OECD-based issuers.

According to fund literature, the fund does not have constraints regarding sectors, geographical areas, duration or credit ratings.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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