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.

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 French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Read More
Wealth Manager on Twitter