American Beacon Advisors has unveiled a new American Beacon Global Evolution Frontier Markets Income Fund to invest in debt instruments of frontier market countries.
The American Beacon Global Evolution Frontier Markets Income Fund will seek income and capital appreciation by investing at least 80% of its net assets in debt instruments of frontier market countries.
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Additionally, Global Evolution USA, a unit of Denmark-headquartered Global Evolution A/S, will serve as a sub-advisor for the fund.
Serving as an investment advisor for the fund, Global Evolution will follow a top-down approach to analyse global macro-economic factors affecting relationships between developed, emerging and frontier countries, and a bottom-up process to determine the countries in which the portfolio will invest.
The frontier market countries, which are responsible for developing financial markets as well as economies and political systems, are specifically located in the Asia-Pacific region, Central or Eastern Europe, the Middle East, Central or South America, the Caribbean or Africa.
Gene L. Needles, American Beacon president and CEO, said: "With limited overlap and lower volatility than the most common emerging market indexes, this Fund offers investors and advisors a complement to their total portfolio strategy."
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By GlobalDataMorten Bugge, CIO of Global Evolution, said: "We will focus this new Fund on capturing excess returns by identifying attractive income strategies within a universe of unappreciated global economic, political, social and financial developments."
