Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

IMA launches Global Emerging Markets Bond sector

IMA launches Global Emerging Markets Bond sector

The IMA has created a Global Emerging Markets Bond sector in response to the 'evolution of the funds market,'  which has seen the asset class grow in popularity.

The new sector went live on 31 December with 25 funds, including the Aberdeen Emerging Markets Bond and First State Emerging Markets Bond funds.

Funds placed in the sector have to invest at least 80% of their assets in emerging market bonds.

Jonathan Lipkin, the IMA's director of public policy, said that there were now enough funds in the global sector specialising in emerging markets to create a new sector for them.

'The sector classification process responds to the evolution of the funds market. During a review of the IMA fixed income sectors, we recognised that there were enough funds within the Global Bonds sector to establish a new bond sector for funds that invest primarily in emerging markets,' he said.

'While emerging markets bond funds have been a feature of the fund market for some time, we have seen particular growth in recent years.'

Meanwhile, the IMA has tweaked the criteria for the Global Bonds sector, so that any funds within this category that invest more than 80% in emerging markets should be reclassified.

In the existing Citywire Emerging Market Bonds sector, Michael Hasenstab, who runs the Templeton Emerging Markets Bond fund, is the best performing manager of a local currency fund in three years, returning 11.1% compared to a manager average of 1.9%.

In hard currency terms, the best performing manager in the Citywire Emerging Market Bonds sector on a three year basis was Michael Gomez, who runs the Pimco Emerging Markets Bond fund and has returned 17.1%, compared to a manager average of 12%.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Michael Hasenstab
Michael Hasenstab
2/31 in Bonds - Emerging Markets Global Local Currency (Performance over 3 years) Average Total Return: 11.37%
Michael Gomez
Michael Gomez
16/19 in Bonds - Emerging Markets Global Hard Currency (Performance over 3 years) Average Total Return: 14.28%
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter