Swiss-based asset management firm, Union Bancaire Privée (UBP), has launched an emerging market sovereign bond strategy aimed at hard currency bonds.
The strategy is managed by Thomas Christiansen and its investment universe consists mainly of issuers based in emerging countries.
It employs both top-down and bottom-up security selection to provide exposure to hard-currency sovereign or quasi-sovereign bonds.
The fund adds to UBP’s emerging market fixed income fund range which comprises three emerging market corporate strategies and one unconstrained strategy.
Denis Girault, head of emerging market fixed income at UBP, said: “The launch of this new strategy reflects the significant and continued demand from investors for exposure to emerging markets.”
UBP has CHF 118.9 billion (€101.9 billion) in assets under management.
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