Standard Life Investments has launched a global emerging market corporate bond fund for the team under Richard House, as revealed by our sister publication Citywire Global.
The new fund is part of the continued expansion of the responsibilities given to House (pictured) and his team since it was formed in April 2012.
Standard Life Investments added a number of managers to the team before launching its first EMD fund, the Emerging Debt fund, in October of the same year.
This latest offering is set to be managed by House and Samantha Lamb, investment director for credit. They will be supported by the four-strong EMD team and the 35 members of the SLI credit team.
It will be focused on dollar-denominated bonds issued by financial institutions or companies within the emerging markets.
Commenting on the launch, Craig McDonald, head of credit at SLI, said: ‘Emerging market corporate bonds have become an increasingly important debt market and the launch of a corporate offering within the EMD space allows investors to tap into the wealth of opportunities provided by companies and institutions in emerging regions.’
The fund is set to be domiciled in Luxembourg and is benchmarked against the JP Morgan CEMBI Broad Diversified index.