Specialist fixed income manager, BlueBay Asset Management (BlueBay), has launched a new actively managed emerging markets short duration bond fund, The BlueBay Emerging Market Aggregate Short Duration Bond Fund.
The UCITS fund, domiciled in Luxembourg, combines emerging market sovereign and corporate debt into one portfolio and consists of hard currency assets trading at a spread over US Treasuries. Managed as a single, high-conviction strategy, the fund seeks access to the broadest spectrum of short-dated emerging market credit across 58 countries and 13 industry sectors.
The portfolios managers are Jana Velebova, Polina Kurdyavko and Anthony Kettle who utilise expertise from across BlueBay’s emerging markets team combine a bottom-up, research-driven approach at the country and company level, coupled with significant macro input.
The team believes the strategy is highly relevant to professional investors and BlueBay collaborated with investors to create the investment solution.
Speaking about the investment opportunity, Polina Kurdyavko, Head of EM, says: “An active long-only EM credit strategy has proven to be popular with our clients. This new fund is suited to investors who desire to limit the duration sensitivity within their credit portfolios.”
The Fund has daily liquidity and is benchmarked to the JPMorgan Blend Hard Currency Credit 50-50 1-3 year index.