Ignis Asset Management has launched the USD100m Ignis Absolute Return Emerging Market Debt Fund, which is based on a strategy that has been run for an institutional client since January 2012.
The fund, which is a sub fund of Ignis Funds SICAV, an investment company organised under the laws of the Grand Duchy of Luxembourg as a self-managed SICAV, is lead managed by Dan Beharall, head of emerging markets fixed income.
Beharall is supported by Sailesh Lad, deputy portfolio manager, and Mikhail Volodchenko, market analyst.
The fund aims to deliver a positive total return in excess of cash on a rolling 12 month basis, independent of bond market conditions, by taking long or short net exposures to emerging market fixed interest securities and to foreign exchange and financial derivative instruments.
Ignis says the fund will appeal to investors who are seeking an absolute return from exposure to emerging market bonds through a proven, low volatility investment strategy.