Ignis Asset Management has unveiled a new Luxembourg-domiciled Ignis Absolute Return Emerging Market Debt fund, which will be run by Dan Beharall, head of emerging markets fixed income.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Beharall, who has joined Ignis from Henderson in December 2010, will work alongside deputy Sailesh Lad and market analyst Mikhail Volodchenko to manage the new fund.
The Sicav Ucits fund will be seeded with an initial capital of $100m (£61m) and distributed across Europe including the UK.
The fund launch is based on the existing institutional mandate strategy, which the firm has been managing since January 2012.
The fund with a performance fee of 10% and management fee of 0.90%, targets to offer a positive total return in excess of cash on a rolling 12 month basis in all types of bond market conditions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe fund has a clean share class with an annual charge of 0.55%.
