The fund will invest a minimum of 80% of its assets in emerging market bonds and hold a minimum of 80% in investment grade bonds. Managed by Scott Fleming and Alex Pelteshki, the new fund will be domiciled in Dublin and available in the UK, Austria, Belgium, Germany, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Spain and Switzerland.
The Kames Emerging Market Bond Fund’s base share class will be in US dollars, and there will also be euro and sterling share classes. The ‘B’ share class will have an annual management charge of 0.65%.
David Roberts, head of fixed income at Kames, said: “Currently all the headlines on EM inevitably focus on the negative stories about a crisis or defaults as cash flows out of the asset class. Looking beneath those headlines, there is a growing universe of solid investment grade EM issuers which are overlooked. Our fund intends to exploit those opportunities.”
