BlackRock has launched an actively managed emerging market debt ETF offering exposure to US dollar denominated emerging market debt.
The iShares $ EM Bond Active Ucits ETF claims to combine active security selection in an ETF structure. The fund is listed on Euronext Amsterdam and carries a total expense ratio of 0.45%.
The portfolio uses bottom-up security selection, relative value positioning and macro insights within a structured framework aimed at balancing income and risk.
“People think it’s risky”: EM debt reassessed
The fund is managed by Michel Aubenas, Ana-Sofia Monck and Kirill Veretinskii, and is supported by BlackRock’s global emerging market debt team.
“Emerging market debt is an asset class where consistency matters,” said Michel Aubenas, head of emerging market debt, BlackRock. “Yields are at historically attractive levels, but returns are unlikely to come from a single theme or trade. A disciplined, actively managed approach is essential to navigate the complexity of the asset class and compound returns over time.”
“Our research shows that many European investors remain underallocated to emerging market debt,” said Vasiliki Pachatouridi, head of iShares fixed income product strategy, Emea.
