Allianz Global Investors has come up with a new flexible emerging market debt fund for its Luxembourg-domiciled Sicav range, with the aim to enhance debt management in emerging markets.
The Allianz Emerging Markets Flexible Bond fund will be managed by an investment team headed by Greg Saichin, who is the chief investment officer of the company’s EMD unit.
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"We firmly believe that strong economic-growth prospects, favourable demographics and markedly improving fundamentals mean that EMD is set to perform over the longer-term, despite any liquidity risk from a rise in US interest rates or country-specific geo-political tensions," said Saichin.
The new fund is part of AllianzGI Emerging Markets Debt franchise launched in October last year.
It intends to capitalize on emerging markets’ expansion potential and offer better returns to investors compared to those associated with developed markets.
The fund will be able to invest in various EMD instruments, which includes corporate and sovereign debt of any credit rating or currency.
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By GlobalDataIt is available to institutional investors in the UK at present, and is scheduled for a retail rollout by the end of 2014.
