Mirabaud Asset Management has announced it is launching its second emerging market debt strategy in November for European investors.
Mirabaud's Emerging Market 2025 Fixed Maturity Fund follows the launch of a $100m 2024 Emerging Market debt strategy launched earlier this year.
The new fund aims to capture the attractive yields currently offered by emerging market issuers, with a profile close to a single bond and the diversification offered by a portfolio of debt instruments issued in euros or hedged into euros.
The strategy takes a buy and hold approach across corporate, sovereign and quasi-sovereign debt, accessing some of the best opportunities with the highest risk/reward potential across emerging markets globally. It will be co-managed by head of emerging markets fixed income Daniel Moreno, and senior fixed income portfolio manager Puneet Singh. Both fund managers have extensive experience in emerging markets fixed income investing, and currently manage the Global Emerging Market Bond strategy, implementing dynamic decisions across sub asset classes and currencies, at different times in the economic cycle.
Daniel Moreno says: "In an environment of historically low interest rates in Europe, emerging market debt offers a unique alternative for investors looking for stable positive income, decent rates of return and moderate levels of risk.
"By investing in a fixed maturity format, investors not only can capture all these opportunities, but can also reduce considerably the risks associated with the increasing lack of liquidity we are witnessing in the market place."