Aberdeen Asset Management is planning to launch a UK-domiciled version of its $373.6m Emerging Markets Bond Sicav.
The Luxembourg-domiciled Ucits fund, managed by head of emerging market debt Brett Diment, is already available to UK investors but Aberdeen has been assessing whether there is sufficient demand for an onshore version. An Aberdeen spokesman says: “Emerging market debt is a growing area and we have a Luxembourg-domiciled vehicle that has a UK distribution share class, so investors already have access to our EMD expertise through that." The Oeic is expected to target a 6%-7% yield by investing in local and dollar-denominated sovereign and corporate debt. The Sicav currently yields aroun...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes