Pictet AM launches new short term Emerging Corporate Bonds fund
Swiss Asset manager Pictet has launched a new short term emerging markets corporate bonds fund, which will have a duration of maximum three years.
The fund aims to respond to the current low-interest climate and to provide investors with attractive yields and a defence against the negative impact on capital values of rising interest rates.
It is managed by Alain-Nsiona Defise (pictured), head of Emerging Corporate Debt. He is supported by a team of seven emerging market corporate investment professionals.
Commenting on the launch, Defise highlights: “This new fund aims to offer investors stable income generation and lower volatility compared to longer term emerging market corporate debt. The fund is well-diversified and invests across all sectors and emerging markets globally.”
It is structured as a compartment of the Pictet Luxembourg SICAV and is UCITS compliant. The fund is currently only registered in Luxembourg, it will registered in other European countries during 2014.