Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Neuberger Berman launches emerging market debt ‘blend’ fund

Neuberger Berman launches emerging market debt ‘blend’ fund

Neuberger Berman is to launch a new fund that will invest in both hard and local currency emerging market bonds, Wealth Manager can reveal.

The Neuberger Berman Emerging Market Debt Blend fund will have a benchmark with a 50% weighting to the local currency JP Morgan GBI Emerging Markets Global Diversified index, a 25% weighting to the US dollar hedged JP Morgan EMBI Global Diversified index, and a 25% weighting to the JP Morgan CEMBI Diversified index, which is also US dollar hedged but tracks corporate rather than sovereign emerging market debt.

Neuberger Berman said it expected that in normal market conditions the fund would run at least a two-thirds allocation to bonds issued out of emerging markets, with a maximum of a third in money market instruments and debt securities issued by public or private organisations in OECD countries.

In May last year Neuberger Berman hired 22 people to boost its emerging-market debt desk, with 19 coming from ING Investment Management. The team is now headed by Rob Drijkoningen (pictured) and Gorky Urquieta.

The fund’s management fee will range from 0.8% to 1.8% depending on the share class.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter