Standard Life Investments has unveiled a new global emerging market corporate bond fund for its EMD team.
The Global Emerging Market Corporate Bond fund will be run by SLI head of emerging market debt Richard House alongside credit investment director Samantha Lamb.
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Additionally, the duo will be supported by the four-strong EMD team and the 35 members of the SLI credit team to manage the new fund.
The Luxembourg domiciled fund aims to deliver long-term growth from capital gains and reinvested income.
The fund with a minimum investment of US$1million for institutional investors and an annual management charge of 0.65% is also open to retail investors with an annual charge of 1.4%.
The fund, which is benchmarked against the JPM CEMBI Broad Diversified index, will focus on dollar-denominated bonds issued by financial institutions or companies within the emerging markets.
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By GlobalDataThe new fund launch follows the continued expansion of the responsibilities given to House and his team since it was formed in April 2012.
Craig McDonald, head of credit at SLI, said: "Emerging market corporate bonds have become an increasingly important debt market and the launch of a corporate offering within the EMD space allows investors to tap into the wealth of opportunities provided by companies and institutions in emerging regions.
"The new fund will draw on the expertise of our corporate bond and EMD sovereign teams, and in addition provide investors with valuable exposure to the divergent economic fundamentals between emerging and developed markets," he added.
