Geneva-headquartered Mirabaud Asset Management has added to its fixed income range with the introduction of a fixed maturity emerging markets debt fund with $90 million (€80.4 million) of assets under management.
Offering exposure to hard currency fixed income, the strategy aims to tap into “the highest risk/reward” opportunities and capture the “attractive yields currently offered by emerging markets”.
“A fixed maturity fund is particularly relevant in an environment where diminishing liquidity in the hard currency market is gradually becoming a significant challenge and a major driver for valuations,” said joint portfolio manager and head of emerging markets fixed income Daniel Moreno.
“By investing in emerging market debt to maturity, investors can extract a high degree of visibility within a specified horizon whilst reducing market-to-market sensitivity, both of which translate into higher risk-adjusted returns.”
Mirabaud’s Emerging Market 2024 Fixed Maturity fund is also headed by Puneet Singh, senior fixed income portfolio manager at the firm.
Both Moreno and Puneet have a wealth of experience in emerging markets, and also manage Mirabaud’s emerging markets bond strategy.
Founded in Geneva, Mirabaud now has offices across the globe. As of the end of last year it had 32.3 billion Swiss francs (€28.8 billion) in assets under management.
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