Investec expands EMD range with fund for Eerdmans

Investec Asset Management has expanded its range of emerging market debt funds with the launch of an investment grade debt fund for Peter Eerdmans.

The offshore Investec GSF Emerging Markets Investment Grade Debt fund will buy investment grade sovereign bonds denominated in local currencies, with a focus on developed emerging markets. The fund, which will take between 10-20 long and short positions, is targeting the more highly rated local currency debt markets in order to capture returns from yield compression and currency appreciation, as well as capturing high yields. Investec already has a wide range of emerging market debt products, including the top performing onshore £1.7bn Investec Emerging Markets Local Currency Debt fun...