US-based investment manager Neuberger Berman has expanded its emerging markets debt (EMD) offering by launching a new Asia-focused fixed income Ucits fund.
The Asian Debt Hard Currency fund will invest in government and related debt as well as in corporate bonds across the debt spectrum, ranging from investment grade to high yield.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Dublin-domiciled fund is managed by members of Neuberger Berman’s emerging market debt team, headed by portfolio manager Prashant Singh alongside fund managers Nish Popat and Jennifer Gorgoll.
The fund with an annual management charge is 1.2% is currently registered for sale in the UK and across Europe and Asia.
The company is planning to launch two more funds namely China Bond fund and Asia Debt Local Currency fund to the market.
Singh said: "Trading volumes and bid-ask spreads on government bonds have improved consistently over the last decade, and are in some cases even better than in some developed markets, adjusted for market capitalisation.
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 GlobalData"Since 2008, growth of corporate bond markets has outpaced that of government bonds by nearly three times, and we anticipate local-currency corporates to be the fastest-growing sector in emerging Asia debt for the foreseeable future. Corporates already account for two-thirds of Asia’s hard-currency market, with China’s state-owned enterprises leading the way."
