PSigma's Becket to add BlueBay EM Bond portfolio to fixed interest range

PSigma Investment Management CIO Thomas Becket is adding BlueBay's Emerging Market Corporate Bond fund to the group's fixed interest portfolios.

Becket says while the asset class is relatively small, at about $600bn, it has strong long-term alpha prospects and provides an alternative to the group’s to current credit holdings. The manager says EM credits could be an enticing way to play the long-term growth prospects in the developing world, but with lower volatility than the equity markets. “We believe this ‘asset class of tomorrow’ could deliver excellent long-term returns while also delivering a healthy yield,” Becket says. “EM corporate bonds are trading at double the spread of similar-rated companies in the developed ma...