JP Morgan Asset Management has launched a new Luxembourg-domiciled emerging markets fund that combines investments in debt and equity with JPMorgan Funds.
The new fund, known as Total Emerging Markets Income Fund, will be co-managed by Richard Titherington, chief investment officer of emerging market equities, and Pierre-Yves Bareau, chief investment officer of emerging markets debt.
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Both Titherington and Bareau will be supported by more than 75 investment professionals from eight worldwide offices.
The new fund will target a 6% gross yield and top-down as well as bottom-up insights will inform security selection.
Commenting on the launch, Titherington said: "Broadening the emerging markets opportunity set to incorporate both equity and debt has the potential to provide strong risk-adjusted returns and a stable source of income.
"Investors are increasingly realizing emerging markets can be a source of growth as well as yield, but are mindful of managing volatility. Combining debt and equity exposure can offer diversification," Titherington added.
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