Standard Life Investments launches second EMD fund

Standard Life Investments (SLI) has launched a local currency emerging market debt fund to complement its existing hard currency offering.

It is managed by Kieran Curtis, investment director on SLI's emerging markets team. The manager takes a top-down, research driven approach on the fund, which is benchmarked against the JP Morgan GBI-EM Global Diversified index. It targets a long-term return from a combination of income, capital and foreign currency appreciation, by investing primarily in bond securities and emerging market currencies. The majority of bonds are denominated in local currency and issued or guaranteed by governments, financial institutions or companies in emerging markets. The fund has a minimum in...