Investec launches EM debt and currency funds

Investec Asset Management has launched two emerging markets funds investing in debt and local currencies.

As first reported by Investment Week in November, the Luxembourg-domiciled funds will be run by Peter Eerdmans, head of the firm's emerging markets debt team. The Investec GSF Emerging Markets Local Currency Dynamic Debt fund invests in a universe of debt from 23 or more liquid emerging markets. The fund can take both long and short positions, while exploiting potential returns from both bonds and local currencies. The Investec GSF Emerging Markets Currency fund is managed by Eerdmans and Werner Gey van Pittius, an EM portfolio manager at the firm. The fund invests in a basket of a...