Allianz Global Investors has launched a Ucits fund that will invest across emerging market debt, regardless of credit rating or currency.
The Allianz Emerging Markets Flexible Bond Fund will allow its managers to construct the portfolio with more flexibility, based on their assessment of changing risk and return offered by investments within the asset class.
The Luxembourg-domiciled Sicav is available to institutional investors in the UK, and will be made available to retail investors later this year.
Greg Saichin, manager of the fund and chief investment officer for the emerging market debt business, says: “We firmly believe that strong economic growth prospects, favourable demographics and markedly improving fundamentals mean that emerging market debt is set to perform over the longer-term, despite any liquidity risk from a rise in US interest rates or country-specific geo-political tensions.”
Allianz Global Investors has over €373 billion in assets under management, and manages four other emerging market debt funds.
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