GSAM expands EMD suite
Goldman Sachs Asset Management (GSAM) has unveiled a blended growth and emerging markets debt portfolio, a long-only vehicle which will invest in fixed income securities denominated in US dollar and local currencies.
Goldman Sachs Asset Management (GSAM) has unveiled a blended growth and emerging markets debt portfolio, a long-only vehicle which will invest in fixed income securities denominated in US dollar and local currencies.
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Newton IM head of fixed income Paul Brain has slashed local currency emerging market debt exposure in his BNY Mellon Global Dynamic Bond Fund in fear of Lat Am markets which have "squandered the commodity premium".
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A total of 19 ING staff have left the firm to form a new EMD team at Neuberger Berman, led by former co-heads of ING EMD Rob Drijkoningen and Gorky Urquieta.
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ING Investment Management has appointed Marco Ruijer as lead portfolio manager of hard currency in its emerging market debt team.
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Standard Life Investments (SLI) has appointed Kieran Curtis as investment director in its emerging market debt team, which was created last April by ex-Threadneedle head of EMD Richard House.
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FinEx Group has entered the European exchange-traded fund market with the listing of a Russian Corporate Bond Fund on the London Stock Exchange today.
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Warren Hyland has joined Muzinich & Co from Schroders to broaden the emerging market debt capability of the company.
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Most emerging market debt investors are not ready for the negative effect the unavoidable rise in treasury yields will have on their portfolios, according to Schroders’ new head of relative EMD James Barrineau.
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Legal & General Investments is capitalising on the popularity of hard currency EMD with the first UK-authorised passive fund to track constituents of the JPMorgan Emerging Markets Bond Index.
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Barings plans to launch China Bond Fund for its recently-appointed head of Asian debt, Sean Chang.
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BNP Paribas has poached four EMD specialists from State Street subsidiary Rexiter Capital Management following the departure of seven of its team to BlackRock back in April.
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Investors may have been piling into UK corporate bond funds this year, but it is emerging market debt where fund groups appear to see the big opportunity for expansion.
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