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Standard Life Investments presents new emerging market debt fund

BBR Staff Writer Published 26 June 2013

Global asset manager Standard Life Investments has unveiled a second Global Emerging Markets Debt fund, for retail and institutional investors in Europe.

Managed by Kieran Curtis, an income investment expert, the new local currency fund will be part of a selection of funds planned for the new emerging market debt (EMD) team.

Complementing the EMD OEIC fund that was unveiled by the company in October 2012, the new fund has been benchmarked against the JP Morgan GBI-EM Global Diversified Index.

By investing mainly in bond securities and emerging market currencies, the fund aims to deliver a return over the longer term from a mixture of income, capital and foreign currency appreciation, claims the asset manager.

Planned to introduce in other European countries later, the fund will initially will be available to investors in the UK, Switzerland, the Netherlands and Luxembourg.

Standard Life Investments multi-asset investing and fixed income head Euan Munro said that the prospects of emerging markets (EM) is different from developed markets and economic growth expectations are generally more favorable.

"The active currency exposure within the new fund provides an opportunity to further enhance returns, and the improving credit ratings of EM countries has led to greater liquidity and less volatility," Munro added.

Headquartered in Edinburgh, Standard Life Investments has over 1000 staff and manages £167.7bn on behalf of clients globally, as on 31 December 2012.

Operating in Boston, Hong Kong, Paris, London, Beijing, Montreal, Sydney, Dublin and Seoul, the company offers investment services in equities, bonds, real estate, private equity, multi-asset solutions, fund-of-funds and absolute return strategies.